World Economy

China Stocks Waver

China Stocks Waver China Stocks Waver

China stocks ended little changed on Friday as investors wrestled with mixed economic reports ahead of third-quarter gross domestic product data next week that will shed more light on the health of the economy, Reuters reported. Trade data on Thursday showed exports fell more than expected in September while imports unexpectedly shrank, raising doubts about whether recent stabilization in the economy may be short-lived. Inflation data on Friday, however, showed producer and consumer prices had picked up. Producer prices in particular rose for the first time in nearly five years, which could result in higher profits and give companies more room to service massive debts. The blue-chip CSI300 index rose 0.1%, to 3,305.85, while the Shanghai Composite Index also gained 0.1% to 3,063.81 points. For the week, the CSI300 was up 1.6, while the SSEC gained 2%, its best weekly performance in two months. Chinese shares have been buoyed by government plans to reduce a mountain of corporate debt, which could see more mergers and restructurings.


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