Asian stock markets sank Monday as investors recalled the initial damage from an outbreak of Severe Acute Respiratory Syndrome, a virus that spread from China to dozens of countries in early 2003.

亚洲股市周一走低，投资者又回忆起了2003年上半年从中国扩散至几十个国家的非典型肺炎最初带来的伤害。

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Last week, world stock markets staged a brief rally on hopes from China. This week, they have rallied in spite of China.

上周，由于来自中国方面的希望，全球股市一度短暂上扬；而本周，它们出现了上涨，不管中国的状况如何。

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China grew by nearly 12 percent in the first quarter of the year and the prospect of a sharp slow down before the end of the year is quiet unnerving for stock markets.

今年头一季度中国增长了将近12%，而在今年底以前大幅减缓的预期会让股票市场非常不安。

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It also comes as China conducts a broad rethink of the way its stock and bond markets operate and even begins to slowly loosen some of the capital controls that have long limited foreign investor access.

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Although analysts argue that there is not enough liquidity in the market to soak up this flood of new shares, it is widely viewed as a step in the right direction for China's immature stock markets.

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Bonds are also attractive as a safe haven in stock market corrections, and many important global stock markets, including China, Brazil, Hong Kong, and India, topped out in November and have been down 12% to 17% in corrections since.

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