Mainland stocks fall on policy concerns

SHANGHAI - Mainland stocks fell for the first time in three days on concern the government will take more measures to slow the economy and contain inflation after growth accelerated to the fastest pace in almost three years.

Gree Electric Appliances Inc and GD Midea Holding Co fell 1.3 percent amid concern borrowing costs will rise after gross domestic product expanded 11.9 percent in the first quarter.

Poly Real Estate Group Co led a drop for developers after analysts claimed the government may impose a property tax.