As China's non-manufacturing sector grew at a lower rate for the second consecutive month, China's shares dropped to its record low in 6 months. During the morning trade the Shanghai Composite Index slumped to its record low since 30 November to 2308.55 experiencing a 2.7% decline; the Shanghai Shenzhen CSI 300 Index plummeted to 2559.03 representing a 2.8% drop; the Hang Seng China Enterprises Index fell to 9375.33 signifying a 2.6% flop. The latter decline is also a 20% plummet since 29 February 2012. Tang Yonggang, Hongyuan Securities Co's analyst, stated that a number of factors contributed to the deteriorating state such as the disturbing crisis in the Eurozone, high unemployment rate in the U.S. as well as the weakening Chinese non-manufacturing industry. However, the analysts trusts that certain actions as cuts of the reserve-ratio or interest rates should be implemented to revive the economy.