China's shares slip most in 3 weeks as JPMorgan cuts China

China's equities dropped on Wednesday falling by the most in three weeks as Shanghai's free trade zone companies slipped amid speculation of excessive valuations and as JPMorgan Chase & Co. recommended reducing holdings amid economic slowdown of the nation. The Shanghai Composite Index fell 1.6% to 2,198.90 as of 1:12 p.m. and was set to record its largest fall since September 26.