Chinese Stocks Fall as Key Economic Meeting Disappoints
- Major benchmarks slip after annual economic work conference
- Traders had looked to the meeting for stronger stimulus signs
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Chinese stocks fell as a key economic meeting disappointed investors with its lack of emphasis on fixing real estate woes or offering greater stimulus.
The Hang Seng China Enterprises Index lost as much as 0.9%, with developers Longfor Group Holdings Ltd. and China Overseas Land & Investment Ltd. among the worst performers. The CSI 300 benchmark of onshore shares slid 0.8%.