China's Stock Market Closed Up

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      China's stock market rose Wednesday after the United States announced a partial moratorium on the imposition of taxes on Chinese imports, but the stock market reversed most of its earlier gains as gloomy economic data reignited concerns about the quality of China's economy.
The Shanghai-Shenzhen 300 index. CSI300 closed up 0.45% to 3,682.40, while the Shanghai Composite Index. SSEC closed up 0.42% to 2,808.91.
The Shanghai-Shenzhen 300 Index and the Shanghai Composite Index rose 1.4% and 1.2% respectively.
U.S. President Trump partially abandoned his plan to impose a 10% tariff on the rest of China's exports to the United States from September 1, postponing tariffs on mobile phones, laptops and many other consumer goods, hoping to mitigate the impact of a new round of tariffs on holiday sales in the United States.
China released a series of lower-than-expected economic data Wednesday, with industrial value-added growth falling to a 17-year low, suggesting that China's economy has slowed further as the U.S. -China trade war has hit businesses and consumers more severely.


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