China stocks slip as weak economic data outweighs positive signals

Chinese stocks ended lower on Wednesday as investors reacted to mixed economic data. The Shanghai Composite fell 0.29% to 3,955.6, while the Shenzhen Component dropped 0.97% to 14,779.4.

China's economy grew 4.3% year-on-year in the second quarter, slower than the previous quarter and below market expectations, raising concerns about the pace of recovery. Fixed-asset investment also declined more than expected, adding to the cautious mood. However, there were some encouraging signs, with industrial production rising to a three-month high, retail sales returning to growth, and the urban unemployment rate falling to its lowest level in a year.

Technology stocks led the market lower, with shares of Cambricon Technologies, Hygon Information Technology, NAURA Technology, Eoptolink Technology, and Zhongji Innolight among the biggest losers.

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