Chinese shares fall over disappointing economic data

Chinese shares fell on Monday over weaker-than-expected economic data, with the benchmark Shanghai Composite Index down 1.13 percent, or 24.84 points, to end at 2,181.94.

The Shenzhen Component Index lost 1.15 percent, or 101.71 points, to 8,733.44.

Combined turnover on the two bourses slightly expanded to 112.53 billion yuan (18 billion U.S. dollars) from 111.94 billion yuan on the previous trading day.

China's economic growth slowed to 7.7 percent in the first quarter of 2013, down from 7.9 percent in the previous quarter and weaker than most market expectations, data from the National Bureau of Statistics showed on Monday.

More than 70 percent of all shares closed lower, with non-ferrous metal companies, airplane makers and coal firms leading the decline.

Jiangxi Copper Co., Ltd., the country's leading copper producer, saw shares dip 4.7 percent to 20.89 yuan.

Inner Mongolia Baotou Steel Rare-Earth (Group) Hi-tech Co., Ltd., China's top rare earth producer, slipped 1.17 percent to 27.79 yuan.

The sub-index for aircraft makers dropped 2.67 percent, with the Avic Aircraft Co., Ltd. slumping 4.23 percent to 9.96 yuan.

China Shenhua Energy Co., Ltd., the country's leading coal producer, went down 1.21 percent to 21.19 yuan, while Datong Coal Industry Co., Ltd. decreased 3.36 percent to 8.05 yuan.

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