China’s Stocks Fall to 2009 Low on Property Curbs, IMF Comments

Chinese stocks fell to their lowest level since 2009 as the International Monetary Fund said the country’s economy faces significant downside risks and investors speculated the government won’t loosen property curbs.

A gauge of real estate companies slumped 1.9 percent, led by Poly Real Estate Group Co., as the government said it will send teams across the nation to check that housing curbs are being implemented and the China Securities Journal said transaction charges on the sales of homes may increase. Kweichow Moutai Co., China’s biggest producer of baijiu liquor by market value, paced gains by consumer-staples producers on earnings optimism.