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China's newly announced air defense identification zone over the East China Sea aims to shore up national security
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Chinese Stock Shares Slump Sharply
Stockholders in Shanghai are anxiously watching the market trend. The Chinese shares showed a sharp decline on February 27, with the major Shanghai index down 8.8 percent, or 268 points, the biggest daily drop in 10 years. The component index of the smaller Shenzhen Stock Exchange lost 9.29 percent, or 797.87 points to end at 7,790.82 points. Turnover on the two bourses totaled 198.9 billion yuan (US$24.8 billion). (Xinhua)


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