Investing
Shanghai Composite Drops 3% As People's Republic President Visits US
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The Shanghai Composite dropped 3%. The reasons included concerns that the central bank has tightened to prevent inflation. That maneuver may not be successful due to rising labor and commodities costs.
The visit of China’s President Chinese Hu Jintao could reveal further tensions between the US and People’s Republic on the value of the yuan
Douglas A. McIntyre
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