China, the second-biggest corn user, may increase imports to a record in the marketing year starting Sept. 1 as wet weather in its northeast region cut grain quality, according to advisory service Yigu Information Consulting Ltd.
China’s stocks fell the most in almost a week after a preliminary report on manufacturing signaled a sixth month of contraction and officials tightened standards for small companies listed on the ChiNext Board.
Chinese B shares, created in 1992 for foreign investors, have soared to a two-year high in Shenzhen on speculation that more companies will seek to list in Hong Kong, where companies are awarded higher valuations. Their Shanghai- traded peers, which have lagged behind, may join the bonanza.
China’s stocks rebounded from a four- month low, erasing a weekly decline by the benchmark index, as investors speculated inflation may ease in coming months, reducing the need for further tightening measures.
China’s stocks fell for a third day after Morgan Stanley and Deutsche Bank AG cut their economic growth forecasts for the Asian country on concern a slowdown in the U.S. and Europe will reduce exports.