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China’s Stocks Decline to March 2009 Low on Earnings Concerns

China’s stocks fell, dragging the benchmark index down to the lowest level since March 2009, as concern earnings growth is slowing overshadowed speculation European policy makers will take action to ease the debt crisis.

China Cosco Holdings Co., the nation’s largest publicly traded shipping company, slumped to a record low after saying it expects its first-half loss to widen from a year ago. China Life Insurance Co. sank to the lowest in four weeks on speculation flood claims in Beijing will hurt profits. A gauge of B shares slid to a two-year low on concern more companies face delisting.