China stocks fall as growth concerns weigh on investor sentiment
Mumbai, July 7 -- Chinese stock markets ended lower on Tuesday, with investor sentiment hurt by fresh concerns over the country's economic growth outlook. The Shanghai Composite fell 1.26% to close at 3,990.2, while the Shenzhen Component declined 1.24% to 15,225.1. Both indexes closed at their lowest levels in nearly a month.
Investor confidence weakened after the World Bank projected China's economy to grow 4.4% in 2026 and 4.3% in 2027, pointing to the prolonged property market slowdown and weak consumer demand. Adding to the cautious mood, the Chinese government set its 2026 GDP growth target at 4.5%-5.0%, the lowest since 1991 and the first reduction since 2023, after keeping the target at around 5% for the previous three years.
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