The Shanghai Composite fell 0.29% to close at 3,955.6 on Wednesday, while the Shenzhen Component lost 0.97% to 14,779.4, as investors weighed signs of an uneven economic recovery in China. GDP growth slowed to 4.3% year-on-year in the second quarter from 5.0% in Q1, missing market expectations of 4.5%. It marked the weakest expansion since Q4 2022 and was below the government's 2026 target range of 4.5%–5.0%. Moreover, fixed-asset investment dropped 5.7% year-on-year in the first half, worse than the expected 4.9% decline and the 4.1% fall recorded in the January–May period. On a positive note, industrial production accelerated to a three-month high of 5.3% in June, while retail sales unexpectedly rebounded to 1%. In addition, the urban unemployment rate fell to a one-year low of 5.0%. Tech names led the declines, particularly Cambricon Technologies (-4.5%), Hygon Information Technology (-4.91%), Zhongji Innolight (-1.24%), Eoptolink Technology (-2.25%), and NAURA Technology (-4.07%).