Stocks News
- Stocks may see dramatic drop: Greenspan
Date: 25-May-2007 Sources: (Shenzhen Daily)
FORMER U.S. Federal Reserve Chairman Alan Greenspan said he was concerned Chinese stocks might undergo a 'dramatic contraction'' after its main stock index jumped more than 90 percent this year.
'It is clearly unsustainable,'' Greenspan told a conference in Madrid by satellite Thursday. 'There is going to be a dramatic contraction at some point.''
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