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China markets 'gloomier day by day'

Chinese stocks have fallen to a four-and-a-half-year low amid continued concern over the government's credit-tightening policy.

The Shanghai Composite SSE index fell as much as 5.3% to 1,859 points.

This resulted in shares entering bear market territory - describing a 20% fall from a recent peak.

The BBC's John Sudworth said that the markets in China were gloomier "day by day" amid fears that a credit crunch could send shockwaves through the economy.

  • 25 Jun 2013
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