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MARKET WATCH
摘    要:Chinese stocks plummeted nearly 7 perrcent on May 30, leading to a los of over 1 trillion yuan. The sharp drop was caused by an increase in stamp tax on stock trading, tripling the previous rate. It was considered a market correction and was right in time to kill recent stock mania around the country. The Chinese stock market rebounded the following day, showing off investors' strong expectations. The Shanghai Stock Exchange stated China is preparing for overseas-listed Chinese companies and international blue chips to be listed on the mainland. The Chinese oil giant Sinopec survived the drop, as it had discovered a new oil field and was expected to generate more profits for its shareholders. Apart from exploring more oil and other traditional energy sources, China is also devoted to developing nuclear power. Government officials disclosed that domestic private companies and foreign companies will be allowed to invest in Chinese nuclear power plants, but didn't give an exact timetable. Private companies have performed well in China and their fixed asset investment accounts for 56 percent of the nation's total.

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