Stocks in China fell on Thursday as exports dropped for the first time in seven years and inflation slowed, Bloomberg reported. The Shanghai Composite Index dropped 2.3% to 2,031.68 as evidence mounts of weakening growth in the world’s fourth-largest economy. China Railway Erju, a unit of China Railway Group, dropped 6.6% while Shanghai Pudong Development Bank, Citigroup’s Chinese partner, lost 3.7%. Baoshan Iron and Steel, the country’s largest steelmaker, fell 3.7% on reports that steel product exports decreased by 36% in November. But China’s airlines surged on news that they would receive funds from the government. China Eastern Airlines and China Southern Airlines both jumped by the 10% daily limit as trading resumed after they received anticipated bailout funds from the government.
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