www射-国产免费一级-欧美福利-亚洲成人福利-成人一区在线观看-亚州成人

   

China stock market capitalization tops GDP

By Dong Zhixin (chinadaily.com.cn)
Updated: 2007-08-09 16:24


An investor monitors stock price movement at a brokerage in Changchun, Northeast China's Jilin Province August 9, 2007. [newsphoto] 

China's stock market capitalization topped the country's Gross Domestic Product (GDP) for the first time on Thursday as a key stock index hit a fresh record high for a fifth straight session.

The benchmark Shanghai Composite Index rose 1.95 percent to close at 4,754.09 points, while the Shenzhen Composite Index went up 1.51 percent to 1,348.87.

That made the overall value of the two bourses surpass the 21.087 trillion yuan in GDP in 2006, according to data from China Securities Journal.

Blue chip stocks were the main market drivers. The Industrial and Commercial Bank of China increased 2.67 percent to close at 6.54 yuan per share, while China Merchants Bank gained 5.49 percent to 36.10 yuan.

Ping An Insurance of China moved closer to the 100-yuan mark after a 7.41 percent growth, closing at 94.45 yuan. Its rival China Life followed with a 2.08 percent rise to 49 yuan.

In the property sector, China Vanke jumped 9.51 percent to 35.34 yuan. Oil also contributed to the rise, with Sinopec increasing 1.81 percent to 15.15 yuan.

Steel shares were also strong, with Baosteel surging 7.03 percent to 16.28 yuan. Shares in Aluminium Corp. of China reached 32.65 yuan after rising 5.46 percent.

The market will continue the upward trend in the days to come, boosted by bank and property shares, said Qin Hong, an analyst with Bohai Investment Consulting Co.

"It is highly possible for the Shanghai Composite Index to reach 5,000 points," Qin said.

However, several other experts douted the optimism. As the index climbs higher, profit-taking pressure also increases, they said.

Thursday’s rise came even after the central bank expressed concerns about accelerating inflation, raising the possibility for further monetary tightening, including interest rate hikes.

The country is coming under increasing pressure from price hikes, the People's Bank of China said in its second-quarter monetary report published on Wednesday. It warned food price increases could spread to other consumer products.

The Consumer Price Index, a barometer of inflation, grew 4.4 percent in June and 3.2 percent in the first half of the year, above the 3.0 percent official target. In response, the central bank raised the interest rates on July 20, the third hike so far this year.

Many analysts expect inflation to surpass five percent in July. The official figure is due to be released on Monday.



Top China News  
Today's Top News  
Most Commented/Read Stories in 48 Hours
主站蜘蛛池模板: www.亚洲成人| 国产在线不卡午夜精品2021 | 日日操干 | 国产私拍福利精品视频推出 | 亚洲一区二区三区精品视频 | 午夜三级国产精品理论三级 | 亚洲人成综合网站在线 | 欧美在线观看a | 91香蕉视频免费 | 久久久久成人精品一区二区 | 久久久全国免费视频 | 国产高清在线看 | 美女一级毛片免费不卡视频 | 天天摸天天爽视频69视频 | 国产网站精品 | аⅴ资源天堂8在线 | 亚洲欧洲日产国码一级毛片 | 国产日韩不卡免费精品视频 | 亚洲第一免费视频 | 一区二区三区四区产品乱码伦 | 日本毛片在线看 | 91 久久 | 外国成人网在线观看免费视频 | 国产成人免费高清视频网址 | 三级黄色在线观看 | 成人午夜视频一区二区国语 | 午夜国产精品久久久久 | 成人五级毛片免费播放 | 成年女人免费观看 | 欧美黄色一级在线 | 美女午夜色视频在线观看 | 亚洲综合资源 | 日本三级香港三级人妇gg在线 | 沈樵在线观看福利 | 亚洲精品久久99久久一区 | 久久久香蕉视频 | 久久久久成人精品一区二区 | 日韩欧一级毛片在线播无遮挡 | 全国男人天堂网 | www亚洲一区| 视频在线色 |