Economics
China’s Stocks Fall After Manufacturing Data Signals Contraction
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China’s stocks fell for the fourth time in five days after a manufacturing gauge signaled a contraction and concern grew that new share sales will drain funds from existing equities.
XJ Electric Co. and China First Heavy Industries Co. slid at least 1 percent. China Citic Bank Corp. and Huaxia Bank Co. led declines for lenders. Liquor maker Jiangsu Yanghe Brewery Joint-Stock Co. jumped 10 percent after sales declines slowed.