China’s stocks posted their largest decline in two weeks on Tuesday on fears that the global credit crunch would slow growth and hurt profits, Bloomberg reported. The CSI 300 Index, which tracks stocks on both the Shanghai and Shenzhen bourses, dropped by 4.1% to 2,852.98, its greatest fall since June 27. The Shanghai Composite Index fell by 3.4% to 2,779.45. Ping An, China’s second-largest insurer lost 6%, closing trading at RMB 40.61 (US$5.95), while its rival China Life Insurance also dropped 6% to RMB23.81 (US$3.49). Shanghai Pudong Development Bank, part-owned by Citigroup, fell by 7.1% to RMB21.83 (US$3.49). Property developers also took a hit with Poly Real Estate Group, COFCO Property Group and Gemdale Corp each falling the maximum 10%.