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SEOUL Cheap Clay Matthews Jersey , July 29 (Xinhua) -- A recent stock market meltdown in China had wiped out about a third of market valuation in less than a month, but fast government reaction to the fluctuations rapidly stabilized the market, researchers here have said.


"Recent turmoil should be seen as a sharp fluctuation rather than a sharp decline because Chinese stocks remain in a positive territory given the 12-month stock moves though the market plunged temporarily," said Jee Mansoo, a research fellow at Korea Institute of Finance (KIF) in Seoul.


The volatility would have a limited impact on the world's second-largest economy as it was a one-off fluctuation Cheap Aaron Rodgers Jersey , Jee added. China's second-quarter GDP expanded 7 percent on a yearly basis.


China's benchmark Shanghai Composite Index tumbled more than 30 percent to 3,373.54 on July 9 after peaking to 5,178.19 on June 12. After swinging between gains and losses, the market rapidly got back to a stable track on the back of government support measures, to close at 4 Green Bay Packers Jerseys For Sale ,070.91 on Friday.


The Shanghai index plunged 8.5 percent to settle at 3,725.56 Monday, but it could be within an extended range of recent corrections. "There's no one who cast doubts on the long-term growth of the Chinese economy. Capital power of Chinese investors gets stronger, and many investors are looking at the long-term growth potential," said Kwak Joong-bo Packers Jerseys For Sale , former stock analyst at Samsung Securities who became a professional investor two years ago.


At its peak on June 12, the domestic A-share market's total capitalization came to 29.1 trillion yuan (4.76 trillion U.S. dollars), about 80 percent of which were held by individual investors.


"It's good for stock investors to have the government on their side," said Han Jae-jin, a senior research fellow at Hyundai Research Institute in Seoul.


Chinese authorities had rolled out several measures to stabilize the market Cheap Green Bay Packers Jerseys , preventing the stock market rout from spilling over to the overall financial system. It included pouring in funds backed by the central bank, easing rules for insurers to invest i. Cheap Jerseys China Cheap NHL Jerseys Cheap NHL Hats China Wholesale Soccer Shirts China Wholesale Shirts Wholesale Shirts Wholesale Hoodies Wholesale Soccer Jerseys Wholesale NFL Hats Wholesale NFL Hats