(MENAFN- ProactiveInvestors - Australia) Â The Shanghai Composite Index was trading lower in afternoon trade on Thursday, losing 17.33 points, or 0.76% to 2,253.60.
China officials will release key trade, inflation and industrial output data this weekend that are keenly awaited.
For the year to date, the Shanghai Composite Index is almost even, while the Index is up 10.9% for the six months to date.
Trading volumes in the Shanghai index were also lower as was volatility measured by the volatility index.
Which demonstrates that investors are on the sidelines until a better sense of the mixed messages in recent economic data is gained.
New loan growth
China's largest four banks extended the lowest amount of new loans in five months in May amid weak credit demand, indicating that uncertainty is still prevalent.
A possible explanation is that the economic recovery is on track but delayed. The growth in the first half is weak, but economic data released to date indicates a recovery, albeit tepid is likely underway in the second half of the year.
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