Economics
China’s Stocks Fall for Sixth Day as Consumer Companies Decline
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China’s stocks fell, capping a sixth day of losses for the benchmark index, dragged down by consumer companies reliant on economic growth.
Qingdao Haier Co. and Gree Electric Appliances Inc. led declines for consumer-discretionary companies with losses of more than 3 percent. Property developers China Vanke Co. and Gemdale Corp. each retreated 1.9 percent. Tasly Pharmaceutical Group Co., a traditional Chinese medicine company, climbed 3.2 percent as drugmakers advanced.