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China’s Stocks Drop for Seventh Day Before Data

China’s stocks fell, capping the benchmark gauge’s first weekly decline in six weeks, as money-market rates jumped and economists forecast a report tomorrow will show export growth slowed last month.

China Petroleum & Chemical Corp., the nation’s biggest refiner, slid 1.6 percent after the government said it will cut gasoline prices. Industrial Bank Co. dropped 1.7 percent, adding to an 8.1 percent slump this week. China Coal Energy Co. led declines among coal producers. China’s exports may have grown 7.4 percent, half of April’s 14.7 percent, based on the median estimate of 38 economists. The government will release industrial output, retail sales, and inflation data on June 9.