China’s Stocks Decline as China Life, Air China Profits Slump

China’s Stocks Decline as China Life, Air China Profits Slump

Nelson Ching/Bloomberg

Air China retreated 0.8 percent to 4.85 yuan. The carrier said net income slumped 77 percent in the first six months because of slowing travel demand, higher fuel costs, and a loss from its stake in Cathay Pacific Airways Ltd.