NEWS： The Shanghai Composite Index closed down 1.2% on weak data
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China's stock market closed down for the second consecutive day on Thursday, with China's economic data highlighting concerns about slowing economic growth and uncertainty about whether China and the United States can reach a trade agreement.
The Shanghai Composite Index. SSEC closed down 1.2% at 2,990.69. The Shanghai-Shenzhen 300 index. CSI300 closed down 0.69%.
The Shenzhen Composite Index. SZSC closed down 2.31% and the GEM index P closed down 2.578%. The upcoming technology board is considered to increase the pressure on GEM.
The data of industry, consumption and investment in the first two months reflecting the situation of China's economic operation are hovering at a low level. Among them, the growth rate of industry has dropped to a 17-year low. Following the previous decline in import and export data, the downward pressure of China's economy has increased, and it is expected that it will be difficult to get rid of the downward trend in the first quarter.
On Thursday, the People's Bank of China said it should focus on risk prevention on the basis of stable growth, strengthen the counter-cyclical adjustment role of monetary policy, focus on dredging the transmission mechanism and effect of monetary policy, put sound monetary policy into practice and ensure that the economy operates within a reasonable range.
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