皇冠体育app

SHANGHAI: The recent plunge in Chinese shares is part of a temporary correction that will not last long and would be offset by the country's strong economic growth with the appetite for equities still strong, said Lorraine Tan, vice-president, Standard & Poor's (S&P) Asia equity research.

The major index snapped its persistent bull run for seven straight months on Aug 4, and tumbled cumulatively by 20 percent in two weeks until yesterday when it recovered by 4.52 percent to 2911.58 points.

"We feel the bear market is over, and this (the two-digit slump) is really just a correction in a new bull market," said Tan in an exclusive interview with 皇冠体育app Daily in Shanghai.