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Thursday, Nov 292012, 7:08 AMChinese shares fail to join in the global rally, -0.5% and etching out another multi-year low. Leading the decline were the brokerages - already smarting from dwindling volume - now maybe being forced by regulators to significantly slash commissions. In Hong Kong, Goldman unloads its stake in red-hot Geely Automotive (GELYF.PK) at a 7.8% discount to the current price. |Thursday, Nov 292012, 7:08 AM| Comment!
Friday, May 182012, 7:07 AM"It's like a contagious disease that will spread," says an executive with the Chinese Auto Dealers Association of car inventories that risen to more than 45 days of sales - typically a level at which dealers being "debilitating" price cuts. Total sales declined 1.3% in the January-April period, the worst showing since 1998. |Friday, May 182012, 7:07 AM| 1 Comment
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