Theadmissions typically preceded the rebukes, and in the few weeks that followedthe firms' share prices underperformed the Shanghai stockmarket by an average of up to6% (see left-hand chart).

正常情况下是公司承认在先，随后的几周内这家公司的股票价格平均低于上海市场近6%（见左图）。

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The Shanghai stockmarket, which has plumbed a three-year low, reflects this sense of weakness.

ECONOMIST: The slowdown is spreading around the world

After plunging by 9% on February 27th, the Shanghai stockmarket has since rebounded past its previous high.

ECONOMIST: Economics focus: A stitch in time saves nine | The