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China shares down 0.81% in morning trade

Jun 19 2013 08:03 AFP

A child walks past propaganda of the Communist Party in Shanghai, China. The sign (other characters not seen) written in Chinese reads: \Chinese Communist Party\. (File, AP)

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Shanghai - Chinese shares were down 0.81% in early trading on Wednesday due to worries over a share glut that could be triggered by the resumption of new stock offers, dealers said.

The benchmark Shanghai Composite Index fell 17.52 points to 2 141.77.

China's stock regulator might resume approvals for initial public offerings as early as July after a nearly eight-month suspension, state media reported Wednesday, citing an unnamed industry source.

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