(Reuters) - "There is no reason to believe ... it will have a
significant effect on China's economy or on the international
economy or world financial markets," IMF spokesman David Hawley
told a regular briefing for reporters.
The Shanghai benchmark stock index plunged 21
percent in the last five trading days through Tuesday, as small
investors dumped stocks after Beijing, worried that the market
was boiling over, increased the tax on stock trades. The tax
hike went into effect last Wednesday.
Read more at Reuters.com Bonds News
significant effect on China's economy or on the international
economy or world financial markets," IMF spokesman David Hawley
told a regular briefing for reporters.
The Shanghai benchmark stock index plunged 21
percent in the last five trading days through Tuesday, as small
investors dumped stocks after Beijing, worried that the market
was boiling over, increased the tax on stock trades. The tax
hike went into effect last Wednesday.
Read more at Reuters.com Bonds News
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