Economics
China’s Stocks Decline on Slowing Economy, Greece Concerns
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China’s stocks fell, dragging down the benchmark index for the first time in three days, on concern the economic slowdown may accelerate and on speculation Greece may leave the euro area.
Jiangxi Copper Co. and China Shenhua Energy Co. led declines for commodity producers after the Wall Street Journal cited a government official as saying growth may be below 7 percent without more stimulus. Shanghai Pharmaceuticals Holding Co., China’s second-largest drug distributor, sank the most since June 2008 after the 21st Century Business Herald reported the securities regulator is investigating the company.