Economics
China Stocks Decline to 14-Month Low on Concern Economy to Slow
This article is for subscribers only.
China’s stocks fell, sending the benchmark index to a 14-month low, on concern economic growth will slow as the government maintains measures to curb inflation and demand for exports falters in Europe and the U.S.
Jiangxi Copper Co. and Aluminum Corp. of China Ltd. paced declines by commodity producers after metal prices dropped. Shanghai Friendship Group Co. and Dashang Group Co. retreated more than 2 percent among consumer-related stocks after Vice Premier Li Keqiang said the top priority will continue to be stabilizing prices. Most global investors predict Chinese growth will slow to less than 5 percent by 2016, a Bloomberg poll showed.