Economics
Most China Stocks Fall on Property Curb, Manufacturing Concerns
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Most Chinese stocks fell after a manufacturing gauge declined and on speculation the government will announce property curbs. A rally for energy shares almost erased a loss of as much as 1.3 percent for the benchmark index.
China Vanke Co. and Poly Real Estate Group Co., the nation’s two biggest developers, slid at least 3 percent. New China Life Insurance Co. dropped the most since September after Zurich Insurance Group AG sold its entire stake. Air China Ltd. paced gains for carriers for a second day. PetroChina Co. and Yanzhou Coal Mining Co. led a rally for oil and coal companies.