Chinese share prices hit new high despite high CPI figure
英语阅读是考研英语的重头戏，怎么复习?怎么训练?建议同学们采取英语朗读的方法每天练习10-20分钟，快速提升英语的阅读能力和听力水平！BEIJING, Aug. 13 (Xinhua) -- Chinese share prices continued to rise on Monday, with the benchmark Shanghai Composite Index reaching a record high of 4,839.95 points during the morning session before closing at 4,820.06 points, 70.69 points higher than the previous close.
Power supply firms, banks and petrochemical stocks led the advance. Huaneng International, China's largest power supply company, jumped 5.62 percent to 13.73 yuan per share.
The Industrial and Commercial Bank of China (ICBC) rose 6.13 percent to 7.10 yuan per share. As the largest bank in China, the ICBC's market value has surpassed CitiBank and Microsoft, becoming the world's third largest listed company. The Bank of China soared8.61 percent to 6.31 yuan per share.
Sinopec climbed 3.30 percent to stand at 15.65 yuan per share.
The Shenzhen Component Index on the small stock exchange market, driven up by property firms in the past few days, dropped 207.33 points to close at 16,116.1 points on Monday.
Analysts said only a small number of investors recorded profits from the rise as only about one third of the stocks rose while two thirds remained level or dropped.
Some institutions are pulling the major index up and preparing to sell their stocks, they said.
The combined turnover on the two bourses is more than 235 billion yuan (31.04 billion U.S. dollars), up from 228 billion yuan on the previous trading day.
China's consumer price index rose 5.6 percent in July compared with a year earlier, nearly doubling the government-set alarm level of three percent for 2007. Analysts expected the high CPI figure to bring more tightening measures.
The figure, however, did not panic investors. The Shanghai Component Index saw a slight drop after the new figure for the inflation indicator was released in the morning and then quickly picked up again.
Amid panic brought about by mortgage crisis in the United States, the global stock market slumped markedly last week. But the Chinese market continued its upward trend.
The total market value of stocks on the Shanghai and Shenzhen bourses rose to around 21.15 trillion yuan (2.79 trillion U.S. dollars) last Thursday, even higher than China's GDP in 2006.
听力和书面表达通常是我们学生的弱项，希望大家在英语朗读的方法下，并结合实际情况安排练习，不要一味模仿别人，要在练习过程中及时总结经验，包括时间安排等，让自己的考研英语水平得到一个很大的提升！
页:
[1]