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Net losses hurt shipping companies

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ship_2 August 30, 2012 (Chinavestor) Chinese stocks continued to fall on Thursday as corporate earnings disappointed ahead the Jackson Hole meeting. The Shanghai Composite Index (SHA:000001) fell along the Hang Seng Index (INDEXHANGSENG:.HSI) as slower economic growth in China dented earnings growth. In fact Chinese shipping companies slipped to net losses, from China Cosco (HKG:1919) to China Shipping Container Lanes (HKG:2866) as demand for made in China good fell in recession laden Europe.

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