China's economy, "semi-annual report," today unveiled the broader market is facing exams.

China's economy in 2008 "semi-annual report," July 17 announcement, which will determine the direction the second half of A shares. .According to some data have been published as well as economists forecast, the first half of the more obvious signs of economic slowdown. .Wall Street analysts believe that there is A shares plunged, bank stocks decline in performance, interest rate worries, inflation and the four bad, in the External and pattern, is not optimistic about the future trend. .<P Style=MARGIN: 0px> <P style=MARGIN: 0px> </ P> (http://) A-share market retreated from 16 at 2700 points to a huge drop in attitude to meet the economic "semi-annual report" ., the market received a second consecutive roots Yinxian. .Financial, real estate became a major force in yesterday's short, real estate index fell 7.11%, the banks index dropped by 3.55%, the two dropped the weight plates, a great deal of pressure to the market. .</ P> <P> In addition, Huaneng Power International and Huadian Power shares issued two interim Pre-losing announcement, and further lead the market for listed companies as well as mid-year report 2008 full-year decline in performance concerns. .If it were not struggling to move up the petrochemical planes Yao City, 2700 was very difficult to keep. .In the broader market yesterday, leaving a daily chart down more than 4 points upward gap, Shanghai stock market turnover 61.81 billion yuan, 76.83 billion yuan atrophy expires earlier of about two percent. .</ P> <P> the eve of the release of macroeconomic data, CICC Research Department, Managing Director, said Ha Jiming, chief economist at Golden State Securities days of rock and congenial chief strategist Chouyan Ying Gu agreed that the Olympics .is unlikely to raise interest rates, but will continue to adopt a tight monetary policy. .</ P> <P> Ha Jiming said the tight monetary policy will not relax the pressure of inflation is still very large, CPI data will be lower than last month, interest rates still relatively cautious. .Despite inflationary pressure, but still dominated the market will stabilize and continue to maintain the earlier judgments, interest rates up again in the second half, before the Olympic Games is not to raise interest rates possible. .</ P> <P> Chou Yanying that the present situation, the management, the stable economic growth is very important, therefore, inflation control has become an inevitable choice, but also concerned about interest rate increases without price rise. .Comprehensive analysis of the short term will not suddenly raise interest rates. .</ P> <P> face of the current severe economic situation, the Government control inflation or whether the choice to save the market is bound to A-share market have a profound impact. .</ P> <P> news that, on the Chinese economy "semi-annual report" Economic Conference will be held after the announcement, the meeting will set the tone for the second half of the control policy. .Thus, investors face friends must pay attention to the latest trends in policy, especially monetary and fiscal policy adjustments, will determine the trend of A-share market in the second half. .</ P> <P> Insiders pointed out that, if it continues to adopt a tight monetary policy and prudent fiscal policy, A-share market is difficult to perform. .</ P> <P> Golden Rock has also made special mention of four worried about the capital market: one day before the U.S. stock market fell below 11,000 points, indicating that the global stock markets have entered a bear market; Second, bank shares will appear the third quarter .inflection point, the bank performance have 3 to 6 months lag response to the second half of the current reflects the performance of the situation last year, the risk of deep-level will be gradually released, risks include the tightening of monetary policy, shrinking exports, and real estate enterprise fund .strand breaks; bank shares the profits of listed companies accounted for more than 50% of total profits, so this will have a great impact on the capital market; third, concerned interest rates, not raise interest rates before the Olympics, but there is still raising interest rates in the second half .possible; Fourth, inflation intensified. .</ P> <P> King of rock that, these four factors make the stock market will be more pressure in the second half, but the long process of market volatility to bottom to create a good long-term opportunities for investors, long-term investment opportunities appear. .</ P>.