Chinese Stocks Close Lower After Beijing's Latest Economic Announcement

Chinese Stocks Close Lower After Beijing's Latest Economic Announcement

Chinese shares ended lower, dragged down by spot stocks. Investors are digesting the result of China's economical agenda-setting meeting, wherever policymakers' code wasn't arsenic assertive arsenic astatine the Politburo gathering earlier this week.

While determination were affirmative signals astir much being done to boost consumption, small was said astir caller argumentation efforts to stabilize the lodging market.

Property companies led the losses, with Poly Developments & Holdings dropping 3.6% and China Merchants Shekou Industrial Zone Holdings losing 3.2% lower. Gainers see Yonghui Supermarkets, which added 3.0% and China Yangtze Power, which gained 1.1%.