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.
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 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.
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.
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 rose for a third day as a pick-up in the property market helped the nation’s service industries expand at a faster pace and speculation grew the government will further ease monetary policy.
China’s stocks fell for the first time in eight days, led by material and agriculture producers, on concern this month’s rally that drove the benchmark index to a bull market was excessive relative to the outlook for earnings.