Economics
China’s Stocks Resume Losing Streak as Services Growth Slows
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China’s stocks fell for the sixth time in seven days after money-market rates jumped and data showed a gauge of services expanded at the weakest pace in six months.
Financial companies led declines with Bank of China Ltd. and Ping An Insurance (Group) Co. sinking at least 2.3 percent. SAIC Motor Corp. slid 2.5 percent to drag down consumer companies reliant on economic growth. Zhangzhou Pientzehuang Pharmaceutical Co. paced losses for health-care companies.