Industrial production rose 4.8% in July, the slowest growth in 17 years. Reuters analysts expect a 5.8% increase.
Retail sales increased by 7.6% in July, compared to an estimated increase of 8.6%.
Chinese yuan also plummeted offshore after China's central bank held its currency higher for the first time in more than a week.
The yuan gained 0.3% on Tuesday, trading at around $ 7.04 for the US dollar in China.
But in the offshore market, where the yuan moves freely, it was trading lower than it was on Tuesday – to about 7.03 yuan per dollar.
Here are some other great moves at 10:30 am. Hong Kong time:
- Shares of airport operators in southern China have risen after mass protests in Hong Kong hit the city's airport and disrupted flights on Tuesday the second day. Airports near Hong Kong are expected to benefit from the disruption in the city, analysts at FITIK Securities said in a research report. Shenzhen Airport jumped 2.4% after gaining 10% on Tuesday.
- Ketay Pacific Group ( returned more than 3.6% in early trading in Hong Kong. The airline's actions have been hit hard by mass protests. )
- Shares in Asia have received positive leadership from Wall Street. US markets rose on Tuesday. At Dow ( increased by 373 points, or 1.4%. At )S&P 500 ( and )Nasdaq ( gained 1.5% and 2% respectively. )