Wednesday, May 23, 2007

China hits record high

Chinese stocks hit record high (AP)

An investor looks at an electronic screen showing the prices of stocks at a stock exchange in Shenyang, northeast China's Liaoning province, Monday, May 21, 2007. Chinese investors shrugged off an interest rate hike and tightening of bank credit, moves aimed at cooling torrid economic growth that appeared Monday to have done little to chill stock market fever. (AP Photo)AP - Chinese stocks rose to a fresh record high for the second day in a row on Tuesday, as property developers jumped on expectations for a stronger yuan and robust housing demand.


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