Economics
China’s Stocks Fall to Five-Month Low on Growth Concern
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China’s stocks declined, dragging down the benchmark index to its lowest level in five months, amid concern economic growth is slowing while new share sales divert funds from existing equities.
China Railway Group Ltd. plunged the most in more than two months after the company said its president died in an accident. CSR Corp., the nation’s biggest train maker, fell 3.9 percent. China Shenhua Energy Co. dropped 3.5 percent after BNP Paribas SA said coal prices may decrease. Gree Electric Appliances Inc. dropped 3.1 percent, pacing losses by consumer companies.