Shares rose in a technical rebound after four continuous days of decline, despite the release of lower-than-expected industrial output figures, the Wall Street Journal reported. Both the Shanghai Composite Index and the Shenzhen Composite Index ended up, by 0.5% and 0.8%, respectively. Value-added industrial production rose 10.8% in July from a year earlier, lower than had been predicted. Lending also declined steeply from US$224 billion in June to US$52 billion in July. The Shanghai index had fallen 6% in the previous four sessions. Analysts said the markets’ performance reflected continued uncertainty among investors over whether Beijing would impose tightening measures. The central bank and senior government officials have insisted that China will maintain a moderately loose monetary policy.
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