China’s Stocks Drop, Head for Weekly Loss, After Shipment Data

By Weiyi Lim 

Chinese stocks fell, heading for a weekly decline, as import growth lagged behind exports in the year’s first two months and investors awaited the release of data from inflation to industrial production tomorrow.

Combined exports for January and February increased 23.6 percent from a year earlier, compared with a 5 percent gain in imports, data showed today. Ping An Bank Co. dropped among financial shares after the lender’s non-performing loans increased. Inner Mongolia Yili Industrial Group Co., a milk producer, sank the most since July. SAIC Motor Corp. advanced 2 percent after reporting higher vehicle sales. Chinese stocks fell, heading for a weekly decline, as import growth lagged behind exports in the year’s first two months and investors awaited the release of data from inflation to industrial production tomorrow.

Combined exports for January and February increased 23.6 percent from a year earlier, compared with a 5 percent gain in imports, data showed today. Ping An Bank Co. dropped among financial shares after the lender’s non-performing loans increased. Inner Mongolia Yili Industrial Group Co., a milk producer, sank the most since July. SAIC Motor Corp. advanced 2 percent after reporting higher vehicle sales.

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