Bloomberg Anywhere Remote Login Bloomberg Terminal Request a Demo

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

China’s Stocks Decline on Concerns About Economy, Earnings

April 25 (Bloomberg) -- China’s stocks fell after some industrial companies reported slumping earnings and a major government ministry signaled the nation’s economic slowdown may worsen.

Tangshan Jidong Cement Co. dropped 1.9 percent in Shenzhen trading after it reported a wider first-quarter loss. Steelmaker Beijing Shougang Co. declined to a three-week low after it forecast a loss in the first half from a profit a year ago.

The Shanghai Composite Index slipped 0.2 percent to 2,383.22 at 9:50 a.m. local time. The CSI 300 Index declined 0.1 percent to 2,601.80.

China’s economic performance still faces downward pressure, the Ministry of Industry and Information Technology said in a statement ahead of a briefing in Beijing today. Chinese companies are seeing increasing operational difficulties, it said.

To contact the editor responsible for this story: Allen Wan at awan3@bloomberg.net

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.