Pursuits
China’s Stocks Drop for Third Day as Data Spurs Economy Concerns
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China’s benchmark stock index fell in its longest losing streak in three months as the country’s industrial output had the weakest start to a year since 2009 and lending and retail sales growth slowed.
Industrial Bank Co. led lenders lower after the nation’s new loans last month trailed analyst estimates. Liquor maker Sichuan Swellfun Co. dropped among consumer companies after the country’s retail sales growth in the first two months was the smallest for that period since 2004. China Vanke Co. and Poly Real Estate Group Co. advanced at least 1.4 percent as property sales jumped this year.