China stocks battered by economic data, Evergrande non-payment

Chinese stocks took a beating, as the country’s economic slowdown and news that a major property developer will miss interest payment added to investor fears that more regulatory crackdown is in the pipeline. 

The Hang Seng China Enterprises Index, which tracks Hong Kong-listed Chinese shares, dropped as much as 1.9%, taking declines to a third day. Country Garden Holdings Co. was the worst performer, as property developers extended losses after Bloomberg reported mainland authorities have told major lenders to China Evergrande Group not to expect interest payments due next week.

“The property sector is dragged by this news and market