The Traderszone Network

Published in TZ Latest News 18 August, 2015 by The TZ Newswire Staff

China stocks extend slide amid warning of severe trade pressure

SHANGHAI/BEIJING (Reuters) – Chinese stock markets tumbled for a second straight day on Wednesday as investors crowded the exits, fearing a government campaign to prop up share prices was faltering and unnerved by a steady stream of gloomy economic news. On Wednesday, the Commerce Ministry added to those concerns, saying exports could continue falling in coming months, after an 8.3 percent plunge in July, their biggest drop in four months. Domestic and global investors are growing anxious that China’s economy will suffer a hard landing.