Chinese Stocks Recover Ground After Strong GDP News – Wall Street Journal (subscription)

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Chinese equity markets recovered some from their early tumble Monday, with Shanghai’s benchmark index nearly level after news that the world’s second-biggest economy had beaten expectations with 6.9% second-quarter growth.

They had earlier been hit by a plunge in small-cap stocks following a signal from a high-profile financial conference that Beijing is focused on tighter control of the economy. Policy makers at the National Financial Work Conference, which is held every five years and wrapped up on Saturday, mentioned…