Despite a big decline (8%) in March, the Shanghai Composite closes its best quarterly gain in a...

|By:, SA News Editor

Despite a big decline (8%) in March, the Shanghai Composite closes its best quarterly gain in a year, up 2.9% from Jan. 1. The conventional wisdom has clearly shifted from a moderate, but healthy economic slowdown to something more than that, with even Beijing lowering its growth forecasts (which have a habit of coming true) to below 8%.