Chinese Stocks Decline as Congress Sets Modest Growth Target

(Bloomberg) — Chinese stocks underperformed in Asia amid concerns that authorities will withhold stimulus after unveiling a conservative economic growth target at the National People’s Congress.

The onshore benchmark CSI 300 Index slipped as much as 1% early on Monday, erasing more than half of its gain from last week. The Hang Seng China Enterprises Index, a gauge of Chinese stocks traded in Hong Kong, lost as much as 1.2% before paring the bulk of its losses.