China risk feared to have bigger impacts on global economy 중국발 리스크， 세계 경제 발목잡나

Chinese shares dropped to another low on Wednesday，... despite China′s rate cut the day before，... that was supposed to aid in recovery. This adds to concerns it will remain a culprit for uncertainties in the global economy. Kwon Soa has this report. ″What are my thoughts？ I′m pretty angry at the market.″ ″The stocks have run out of money， no one is in the mood to buy anything. The impact of this should be quite big.″ With no clear signs China′s stocks will recover soon， concerns are growing the country，…once a main growth engine in the global economy，… is out of fuel. The move by China′s central bank to lower its key interest rate Tuesday resulted in a roller coaster on the country′s bourse，... rather than stabilize the main index. The effects were seen elsewhere， though. ″Following China′s rate cut，... many markets across the globe have been rebounding. Here in Korea，... the benchmark KOSPI and tech－heavy KOSDAQ closed almost 2－point－6 percent and 3－point－4 percent higher than on Tuesday.″ Some say，... the 0－point－25 percentage points cut，... the fifth since November last year，... may not be enough. ″The measure itself was appropriate，... but a cut by 0－point－5 to 0－point－7 percentage points would have been more effective. And it should have come BEFORE the Shanghai Composite crashed below the pychologically important 3－thousand mark.″ The new question is whether China′s stock meltdown could push back the United State′s decision to raise its key interest rate. There were speculations the increase would come next month，...but now many projections are leaning toward a hike in December or even next year. ″Odds of that rate hike have certainly been diminished by the magnitude and the velocity of the market reaction over the last week.″ Analysts say volatility will continue into next week，... and economic indicators such as China′s export results from August， and the U.S. Fed′s decision， will create a clearer picture of how much current uncertainties are going to affect investors in the long run. Kwon Soa， Arirang News.