Chinese shares close higher on encouraging data of Q1
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Chinese stocks closed higher Wednesday after the country reported economic data for the first quarter of 2019, which showed positive signs of stabilization in the economy.

The benchmark Shanghai Composite Index rose 0.29 percent to 3,263.12 points, while the Shenzhen Component Index closed 0.55 percent higher at 10,344.43 points.

The combined turnover of stocks on the two indices stood at 830.1 billion yuan (about 123.9 billion U.S. dollars), expanding from 791 billion yuan the previous trading day.

Most sectors gained, with gainers outnumbering losers by 850 to 561 at the Shanghai bourse and 1,253 to 823 in Shenzhen.

Stocks from the motor and new energy vehicle sectors registered strong performance, with shares of Lifan Industry (Group) Co. Ltd. rising 9.99 percent to 7.49 yuan and Liaoning Hongyang Energy Resource Invest Co. Ltd. up 10.05 percent to 6.02 yuan.

Companies in the hog-raising industry also saw a strong performance, with Shenzhen Kingsino Technology Co. Ltd. jumping 9.97 percent to 13.79 yuan.

Wednesday's gains came after the country reported GDP data. The world's largest developing economy beat market expectations to advance 6.4 percent year on year in Q1, remaining flat with the GDP expansion in the previous quarter.

The fresh data added to good previous economic indicators, pointing to expansionary economic activity and improving economic structure.

The ChiNext Index, China's NASDAQ-style board of growth enterprises, gained 1.17 percent to close at 1,717.44 points Wednesday.

Author： 　　　Source：xinhua　　　 Editor：Yang Fan