Economics
China Stocks Drop Most in Five Weeks on Property Concerns
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China’s stocks fell the most in five weeks after valuations for the benchmark index climbed to the highest level in 17 months and on concern the government may introduce measures to curb property prices in March.
China Vanke Co. and Poly Real Estate Group Co. slumped more than 4 percent, sending a gauge of developers to its biggest loss in six months after China Business News said the government may impose real-estate curbs around the time of an annual legislative meeting. Anhui Conch Cement Co. slid the most since September 2011 after the government forecast slowing cement output growth. SAIC Motor Corp. dropped 4.5 percent, leading losses for consumer companies reliant on economic growth.