Huge Losses for Chinese Equity Funds

During the first eight months of 2008, equity funds on the mainland lost 50% of their value on average

Equity funds in China posted an average loss of 12.21% in August in line with sharp falls in global markets worldwide, a turnaround from an average gain of 2.04% in July, according to Lipper data. That brings the equity funds' performance for the first eight months of 2008 to an average loss of 49.32%.

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