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nosedive could help
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PostPosted: 19 Jun 2018 04:17:59    Post subject:  nosedive could help
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Ding Ning (R) of China celebrates victory after the women's singles final match against her compatriot Zhu Yuling at the 2017 World Table Tennis Championships in Dusseldorf
, Germany, June 4, 2017. (XinhuaTao Xiyi)
DUSSELDORF, Germany, June 4 (Xinhua) -- World No. 1 Ding Ning won her third women's singles title while Xu Xin and Fan Zhendong earned China their second event from the men's doubles at the World Table Tennis Championships here on Sunday.

Ding, also the Olympic champion in Rio
, defeated third seeded Chinese compatriot Zhu Yuling 4-2 to became the third Chinese woman player to win a hat trick of world singles title following Deng Yaping and Wang Nan.

The 26-year-old won the first game 11-4 but Zhu, playing her first final in the world championships, pulled two back 11-9, 11-4 for a 2-1 lead.

The two players then displayed a beautiful attacking game. Ding, who won the world title in 2011 and 2015, saved a game point from 9-10
, winning three points in a row to make it 2-2.

Zhu, whose only winning record against Ding came in the 2015 China Open final, made too many errors while Ding played steadily and accurately, leading all the way to win 11-6. She went on to take the next game 11-7 to seal the title.

"I came here not expecting to win the World Championships for the third time," Ding said. "It really depended on my state of mind and condition and that of the opponents; different about the third time is that before I felt like I was challenging for the title and trying to defeat others and I am now in the spotlight and others are challenging me."

Xu and Fan defeated the number one seeds Masataka Morizono and Yuya Oshima of Japan 4-1 to win the men's doubles title.

Morizono and Oshima had their chances with multiple game points in the second and fourth game, but were unable to convert any of them. They also narrowly lost the first and the third games 11-9.

, Xu and coach Wang Hao took to the court after the match with a Chinese flag in hand.

"This is my first time winning gold in doubles," Fan said. "I'm very happy and lucky to be here."

In the men's singles quarterfinals, Olympic and world champion Ma Long beat Germany's superstar Timo Boll 4-2 in a thriller.

Boll put up a great show but Ma had all the answers for the 13-time German champion. He won in six games (11-5, 8-11, 11-4, 5-11
, 11-4, 11-9).

"This is my toughest match yet in the championship," Ma said. "It's sad that we lost in the doubles and hope this win will be a great match for the table tennis fans to remember."

Ma and Boll had paired up in the doubles but lost in the round of 16 to Fan and Xu.

In the other matches, Lee Sangsu of South Korea secured the first spot in the men's singles semifinals with a 4-1 win over Wong Chun Ting of Hong Kong, China. Fan beat Japan's Niwa Koki 4-1 and Xu ousted Japan's 13-year-old sensation Harimoto Tomokazu with an identical score.

Ma will meet Xu and Lee take on Fan in Monday's semifinals.


BEIJING, June 19 (Xinhua) -- Chinese shares plummeted on Friday
, with the benchmark Shanghai Composite Index down 6.42 percent to finish at 4,478.36 points.

The Shenzhen Component Index lost 6.03 percent to close at 15,725.47 points.

The major Shanghai index dived by 13 percent from the previous week, in the biggest weekly drop in seven years. Nearly one thousand shares on the two bourses slumped by the daily limit of 10 percent.

During Friday's trading, losers outnumbered winners by 903 to 25 in Shanghai, and by 1
,295 to 96 in Shenzhen.

Combined turnover for the two bourses shrank to 1.29 trillion yuan (210.23 billion U.S. dollars) from Thursday's 1.5 trillion yuan.

Stocks relating to nuclear power, transportation, medical care, online education, mobile games and reform of state-owned enterprises were the biggest losers.

Guangzhou Baiyun International Airport Company dived by the daily limit of 10 percent to close at 17.77 yuan per share. Shanghai Electric Group Company lost 9.98 percent to end at 17.23 yuan.

The ChiNext Index, tracking China's Nasdaq-style board of growth enterprises
, dived 5.41 percent to end at 3,314.98 points.

Analysts attributed the plunge mainly to four factors. Firstly, new listings of stocks, especially large-cap shares have kept drawing money away from the market.

On Thursday, Chinese securities trader Guotai Junan Securities Co., Ltd. became the largest domestic IPO in nearly five years after launching on the Shanghai Stock Exchange. The company will sell up to 30.1 billion yuan (4.92 billion U.S. dollars) at 19.71 yuan per share
, according to its IPO prospectus filed with the Shanghai Stock Exchange on Tuesday.

Secondly, market regulator the China Securities Regulatory Commission (CSRC) last week banned illicit loans for stock purchases, and announced that margin trading outside the brokerage system would be strictly punished. It is estimated that the move will prevent around 500 billion yuan from entering the market.

Thirdly, companies need to settle their account balance and complete payment to banks in the middle of the year, resulting in a shortage of funds and hence the fall of the major index.

Last but not least, the stock market has posted dramatically large gains since the beginning of the year
, with the ChiNext Board index rising 170-percent rise at its peak without a proper callback, until the current correction comes.

Analysts warned that the biggest threat to the market is the high-rate rise, and the current nosedive could help release accumulated risks.

The Chinese stock market has seen an impressive rebound since the second half of 2014 after being stuck in the doldrums for about six years.

The major Shanghai index closed at fresh seven-year highs for several consecutive days last month, before posting another nosedive on record turnover .
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PostPosted: 19 Jun 2018 04:17:59    Post subject: Adv

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