China's official economic data is not as good as expected, and it has dragged down the collective decline in mainland China and the Hong Kong stock market.
As of 11 am as of Wednesday (January 17), China Blue Chip's CSI 300 Index fell more than 1%, hovering near the lowest level since the beginning of 2019.The Shanghai Comprehensive Index fell by about 0.85%.
The Hong Kong Hang Seng Index also plummeted 2.8%, down to the lowest level since November 2022, and real estate and technology stocks led.
The National Bureau of Statistics of China announced on Wednesday that the economic growth rate was 5.2%last year. Although it was about 5%of the official settings, it was lower than the analyst's expectations.
The National Bureau of Statistics of China also announced on the same day. In December last year, the sales prices of commercial housing in 70 large and medium -sized cities decreased month -on -month and fell for the sixth consecutive month.Reuters said that this was the biggest decline since February 2015, which exacerbated investors' anxiety about the Chinese real estate market.
Agence France -Presse reported that if it was not included in the period of the crown disease, the economic performance in 2023 was the year of China's worst economic performance since 1990.
Reuters said that the dating of the real estate crisis, weak consumer and corporate confidence, continuous increase in local government debt, and slowing global economic growth.Bounce.
