China’s Stocks Swing Between Gains, Losses After GDP Data

Most Chinese stocks fell after a government report today showed the nation’s economy grew at the slowest pace in three years in the second quarter.

The Shanghai Composite Index changed directions at least 10 times before closing up less than 0.1 percent to 2,185.90, as five stocks dropped for every two that rose. The measure slid 1.7 percent this week, a fourth week of losses, as a statistics bureau report showed gross domestic product expanded 7.6 percent, compared with analysts’ estimate for 7.7 percent. Industrial production also increased at a slower pace in June while retail sales growth decelerated.