Stocks News
- Stock drop temporary: United Tech CEO
Date: 2-Mar-2007 Sources: (Shenzhen Daily)
THE sharp sell-off in Chinese shares, which dragged down stocks around the world, is likely a temporary correction and not a sign of the Chinese economy stalling, said the chief of United Technologies Corp. on Thursday.
'This is a blow-off and you have blow-offs from time to time. I don't think it's going to have a lasting impact,'said George David, chairman and chief executive officer of the diversified conglomerate.
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