Economics
China’s Stocks Drop Most in Two Weeks; Industrial Shares Decline
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China’s stocks fell the most in two weeks after the official Xinhua News Agency said massive stimulus measures would be “detrimental” to sustainable growth, overshadowing the government’s plan to aid exporters.
Gansu Qilianshan Cement Group Co. and machinery maker Sany Heavy Industry Co. slid at least 3.1 percent, pacing declines for infrastructure-related stocks. Jiangxi Copper Co. and Tongling Nonferrous Metals Group Co. led materials producers to the biggest slump among industry groups as copper prices fell.