Stocks decline on profit-growth worries
By Zhang Shidong | China Daily | Updated: 2011-05-28 07:14
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China First Heavy Industries Co dropped 3 percent to 4.91 yuan (76 cents) on Friday. The price is a record low for the heavy-equipment maker. Wang Yunlong for China Daily |
SHANGHAI - Stocks on the Chinese mainland fell on Friday, extending the benchmark index's biggest weekly drop in 11 months. The decline came after a report showed profit growth slowed among industrial companies and concern intensified that inflation will accelerate this month.
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