China Zhongwang Blames Loss on Trade Frictions 

SHANGHAI, Aug. 25 (SMM) –China Zhongwang Holdings attributed the decline in its profit in H1 2017 partly to trade frictions between China and the US.

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The company reported $164 million in net profit attributable to shareholders of its listed company, down 20.24% year-on-year. 

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As a result, its shares on Hong Kong Stock Exchange fell 15%, the biggest decline in nearly two years. 

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