Economics

China Stocks Slump to 7-Week Low, Joining Global Equities Rout

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China’s stocks fell, capping the benchmark index’s worst week since May, as global equities markets plunged on concern slumping U.S. growth and Europe’s debt crisis will push the world economy into recession.

Jiangxi Copper Co. and Aluminum Corp. of China Ltd., the biggest producers of copper and aluminum, tumbled more than 3 percent after aluminum and zinc futures slid by the daily limit in Shanghai. Industrial & Commercial Bank of China Ltd. led declines by lenders on speculation the central bank will keep tightening monetary polices to tame inflation.