The past two weeks have not been kind to PetroChina’s local investors, who saw their shares in China’s dominant oil and gas producer tumble to an all-time low in Shanghai on Tuesday.
State-backed PetroChina has fared little better in Hong Kong and New York, where it is down by more than 25% year to date.
However, while PetroChina’s stock has mirrored a broader sell-off in Chinese equities over stuttering economic growth and fears over a credit crunch, analysts point to a number of factors weighing on the...
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