Chinese stocks dropped 2.36 percent today as the market waited for the macroeconomic statistics for June expected to be released this week.
Chinese stock ended up 1.3 percent today. The Shanghai Composite Index finished at 3,915.99, up 50.27 points.
China's foreign exchange reserves, already the world's largest, surpassed US$1.33 trillion at the end of June, the central bank said Wednesday.
The GDP growth in 2006 has been revised to 11.1%, up 0.4 percentage points from the preliminarily calculated growth rate, to become the highest of the past 12 years.
The country posted a record trade surplus of US$26.9 billion in June as exporters rushed out shipments ahead of cuts in export tax rebates.
Continuous corrections in the Chinese stock markets in June slowed the pace of money flowing out of banks and into the markets, latest statistics showed.
After two days of strong growth, Chinese stocks today saw frequent price adjustments and ended with dissappointment.
Chinese stocks continued surging today, with the Shanghai Composite Index closing at 3,883.22, up 101.87 points or 2.69 percent.
After seeing the largest plunge in comparative terms in a month yesterday, Chinese stocks made a U-turn and achieved the biggest growth for a month today.
Chinese shares continued yesterday's decline and dove sharply Thursday as lack of confidence and worries about further tightening policies drove investors into panic selling.
Chinese stocks turned down again today, on the news of central bank eyeing moderate tightening monetary policies.
Chinese stocks finished 1.65 percent up with turnover on the two stock exchanges shrinking to 129.8 billion yuan, a new low in three months.