China Stocks Drop 10% From February High as Data Miss Estimates

China’s stocks fell, dragging the Shanghai Composite Index down by 10 percent from its February high, as data on the nation’s economic growth and industrial production missed estimates.

Construction machinery maker Zoomlion Heavy Industry Science and Technology Co. slumped to a 15-month low after forecasting lower profit. Cosco Shipping Co., a unit of China’s biggest shipping company, lost 3.9 percent after reporting a loss. Zijin Mining Group Co. sank 5.6 percent, leading gold producers lower, after the metal’s futures dropped by the 5 percent daily exchange limit in Shanghai.