Stocks in China Region Fall

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Market Update :

Stocks in China Region Fall

Author: 123jump.com Staff
123jump.com
Last Update: 2:13 PM EDT April 16 2008

GDP in the first quarter in China dipped to 10.6% from 11.7% a year ago, industrial production rose 16.4% and inflation to 8%. Food prices in the quarter surged 21% on tough weather conditions and rising fuel prices in the international markets. Retail prices in the quarter rose 7.4% and producer prices increased 6.9%. The news sent stocks lower in China and Hong Kong on the worries that the government will take measures to tighten the economy further.

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