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Chinese Stocks Slide on Weaker Consumer Spending

China’s CSI 300 index hit its lowest level in more than two years Monday, after a run of bad news pushed down the value of Chinese shares on every major exchange.

The benchmark, which tracks the 300 largest companies listed in Shanghai or Shenzhen, dropped 2.2% on its first trading day after a weeklong national holiday. Its 3720.94 closing level was its weakest finish since April 2020.