China’s Stocks Decline to 7-Week Low on Profit Concern

China’s stocks fell the most in four months after Societe Generale SA said Chinese corporate profits won’t grow at all this year and the nation’s largest copper producer reported slumping earnings.

Jiangxi Copper Co. slid 5.5 percent after posting an 18 percent drop in net income and Societe Generale said industrial profit for the first two months signaled overly optimistic estimates for earnings. China Citic Bank Corp. led declines for lenders as Aberdeen Asset Management Plc said it is underweight on China on concern about the nation’s non-performing loans. Air China Ltd., the biggest international carrier, lost the most since December after saying passenger growth may slow.