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Chinese equities experienced sharp decline reaching biggest
low in two weeks. Shanghai Composite Index decreased 18.5 points, or 0.7%, closing
at 2,509.8 which is the biggest drop since October 21. Fall in markets is
associated with investors' fears that Chinese government will not apply
expansionary monetary policy despite economy slowdown. Concerns were fuelled by
Chinese PM's announcement that country will stick to curbing property industry until
housing prices decline.