From China economic news update, China growth fears weigh on shares, Chinese developers lead decline after the country's service sector expands at the slowest pace in five months and mortgage rules are tightened
HSBC earnings miss chimes with China fears, The London-listed bank's profits fall under forecast levels sparking selling in the sector while miners track concern about Chinese growth
Meanwhile, China becomes world's largest oil importer, The US is set to slip to the number two spot as the surge in domestic oil production on the back of the shale revolution reduces the need to import crude oil
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