China Stocks Fall From Record as Greenspan Warns of `Dramatic Correction'

(Bloomberg) -- China's stocks fell from a record
after former Federal Reserve Chairman Alan Greenspan said he was
concerned that Chinese equities might undergo a ``dramatic
contraction.'' Daqin Railway Co. and Shenergy Co. paced declines
among some of the biggest companies.

``The fact that Mr. Greenspan, a highly regarded, esteemed
personality, has that opinion gives the bear China stock view
much credibility,'' said Desmond Soon, who helps manage $300
million of debt at Pacific Asset Management Co. in Singapore.


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