Economics
Chinese Stocks Decline After Industrial Output Growth Slows
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China’s stocks fell, dragging the benchmark index to a second weekly decline, as slowing industrial output growth overshadowed a report showing inflation eased from a three-year high.
Anhui Conch Cement Co., the biggest cement producer, slid to the lowest since January after industrial output rose 13.5 percent in August, compared with economists’ estimate of 13.7 percent. Citic Securities Co. led gains for brokerages on speculation they will benefit from a plan allowing yuan funds in Hong Kong to invest in mainland stocks.