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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