China: Stocks fall from 13-month high on worries Beijing may slow policy easing

[SHANGHAI] China stocks retreated from a 13-month high on Monday as comments from top policymaking bodies raised investor fears that Beijing will slow the pace of policy easing after some signs of stabilisation in the world's second-largest economy.

But it also said authorities will try to strike a balance between stabilising economic growth, promoting reforms and controlling risks.It added that China will push forward structural deleveraging and prevent speculation in the property market, suggesting attention may be turning back to debt risks that any further substantial stimulus measures may create.The statement from the politburo came two days after China reported steady 6.

Investors still need to wait for the best time to buy stocks, as the pace of money flowing into the stock market could slow in the short-term due to Beijing's counter-cyclical adjustments, CITIC Securities wrote in note.

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