Rabid believers in the China growth story may need to reconsider. Already deep in the red on the year, China Stocks Plunge Most Since August on Property Curbs, Europe China’s stocks plunged, driving the benchmark index to the biggest loss since August, on concern government steps to cool the property market and European austerity measures will hurt economic growth. China Vanke Co. paced declines by developers after Premier Wen Jiabao said the government will “decisively” contain gains in …

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China Equities Sink 5%, Down 22 % for the Year; What will China do with its much beloved peg to the US dollar?