BEIJING, Dec. 11 (Chinese media) -- Chinese shares finished the morning session slightly lower Thursday, after unfavorable economic data announced this week weighed upon investor confidence.
The National Bureau of Statistics (NBS) said on Thursday that the country's consumer price index (CPI) rose at a slower annual rate of 2.4 percent in November.
The inflation figure was the latest among a slew of figures announced this week as fresh indicators of slowdown in the country's economy and slumping external demand.
The benchmark Shanghai Composite Index lost 0.31 percent, or 6.42 points, to 2,072.69 at noon. The smaller Shenzhen index, however, rose 28.38 points, or 0.38 percent, to close at 7,518.66.
But the aviation sector bucked the trend on announcement of capital injection plans.
China Southern Airlines and China Eastern Airlines, both major state-owned carriers in the country, rose by the daily limit of nearly 10 percent in the morning, after the two firms unveiled plans late Wednesday to receive three billion yuan of capital injection each from government.
China Southern rose 9.91 percent to 3.66 yuan, and China Eastern was up 9.92 percent to finish at 4.32 yuan.
The Chinese government said on Wednesday that exports dropped 2.2 percent year-on-year in November, the first monthly decline since June 2001, while foreign direct investment plunged 36.52 percent year-on-year.
China's producer price index, a measure of inflation at the factory level, decelerated sharply to an annual rise of 2 percent in November. The latest CPI and PPI figures had prompted worries over deflation risks.
However, the three-day Central Economic Conference that ended Wednesday had pledged to maintain stable, healthy growth next yearth rough domestic demand expansion and economic restructuring.
The conference that gathered the country's top leaders also vowed to maintain the "stable and healthy" development of the market.
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