China stocks closed higher on Wednesday, following the tariffs reprieve from Washington, but gave up much of early gains as bleak data rekindled worries over the country's' economic health.
The blue-chip CSI300 index ended 0.5% higher to 3,682.40, while the Shanghai Composite Index rose 0.4% to 2,808.91.
Both the CSI300 and SSEC rose as much as 1.4% and 1.2%, respectively.
US President Donald Trump on Tuesday backed off his Sept. 1 deadline for 10% tariffs on remaining Chinese imports, delaying duties on cellphones, laptops and other consumer goods, in the hopes of blunting their impact on US holiday sales.
Meanwhile, China reported a raft of unexpectedly weak July data on Wednesday, including a slump in industrial output to more than 17-year lows, pointing to further slowing in the economy as the US trade war takes a heavier toll on businesses and consumers.
Activity in China has continued to cool despite a flurry of growth measures over the past year, raising questions over whether more forceful stimulus may be needed, even at the risk of increasing its debt.
About 14.40 billion shares were traded on the Shanghai exchange, roughly 92% of the market's 30-day moving average of 15.66 billion shares a day. The volume in the previous trading session was 13.09 billion.
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