By Bloomberg News - Aug 9, 2011 12:19 PM GMT+0700 China’s stocks fell, dragging the benchmark index to a 12-month low, amid concern the global recovery will falter and as inflation increased at the fastest pace in three years.
“The overwhelming pessimism has swept all markets,” said Sun Zhanjun, a fund manager at Bosera Asset Management Co., which oversees more than $29 billion. “The economic turmoil may drag down the stock market for the short term and keep it fluctuating at a bottom for some time.” http://www.bloomberg.com/news/2011-08-09/china-s-stock-futures-fall-amid-rout-in-global-markets-economic-outlook.html '+'
