Chinese stocks closed lower on Wednesday over mixed economic data, with the benchmark Shanghai Composite Index down0.73 percent to close at 3,130.67 points.
The smaller Shenzhen Component Index closed 0.72 percent lower at 10,151.53 points.
The ChiNext Index, China's NASDAQ-style board of growth enterprises, was down 0.28 percent to close at 1,790.64 points.
The Chinese economy maintained steady growth in May, with slower growth in investment but faster growth in consumption, according to data released by the National Bureau of Statistics on Wednesday.
China's fixed-asset investment grew 8.6 percent in the first five months year-on-year, down 0.3 percentage points from that recorded during January-April.
Investment in property development expanded 8.8 percent year on year during the January-May period, down from 9.3 percent in the first four months.
However, the service sector continued its stable expansion, and total retail sales of consumer goods rose 10.3 percent year on year in the January-May period, 0.1 percentage points faster than growth in the first four months.
The International Monetary Fund on Wednesday raised expectations for China's GDP growth rate this year from 6.6 percent to 6.7 percent.
Shares related to steel, port transportation and graphene performed well, while those related to airport transport, the Xiongan New Area and environmental protection lost ground.
Chinese investors' confidence in the securities market continued to fall in May, but the drop narrowed, a survey by the China Securities Investor Protection Fund Corp showed Tuesday.
The index report also showed that Chinese investors were not optimistic about the outlook for a strong rebound, but sentiment was on the side of the markets being resilient to further falls.
Latest comments