BBC
June 24, 2013
Chinese stock markets have fallen sharply as the country’s central bank indicated its credit tightening policy would continue.
The Shanghai Composite SSE index fell 5.3% to 1,963.24 points, over 1,540 points below its 52-week high.
Traders reacted negatively to the People’s Bank of China (PBOC) saying liquidity in the country was still “reasonable” and that the era of cheap cash was over.
<!–
–>
This article was posted: Monday, June 24, 2013 at 9:49 am
Tags: economics, foreign affairs
<!– this is where we need to show the related articles
–>
This article originally appeared on: Infowars