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China Stocks Drop for First Time in Four Days on Profits

Chinese stocks fell for the first time in four days as concern that construction activity is faltering dragged industrial companies lower, overshadowing a rally by energy producers.

Taiyuan Heavy Industry Co. fell to the lowest level in 3 1/2 years after saying it will post a first-half loss. Sichuan Hongda Co. plunged 9.2 percent after the government ordered it to halt building a plant that drew protests. China Shenhua Energy Co. advanced 1.3 percent after oil jumped more than 4 percent in New York yesterday.