Chinese ADRs Retreat as Slowdown Concern Saps Consumer Companies

  • Online retailer contributes most to ADR index decline
  • Biggest ETF tracking mainland shares declines for second day

Chinese stocks trading in New York slumped for the seventh time in eight days, led by consumer shares, as a report showing industrial companies’ profits dropped the most since 2011 stoked concern the magnitude of the country’s economic slowdown is worsening.

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