China stocks down nearly 3% as growth disappoints

Data undershoots expectations again

The Shanghai Composite Index has fallen a further 2.7% on Monday, as the latest economic data over the weekend added to worries over slowing economic growth in the region.

After a dramatic plunge towards the end of August, the Chinese mainland index has continued to fall, albeit at a slower rate, since then. The latest fall, led by technology and consumer stocks, has contributed to a total 22% decline over the past month. Monday's decline was caused by another set of dissapointing economic figures, which showed industrial output rose 6.1% in August, failing to achieve analysts' expectations of 6.5%. Fixed asset investment was similarly below expectations, achieving 10.9% rather than the estimation of 11.2%, making this the slowest rate of growth in n...