(Yicai Global) July 16 -- China's mainland stock markets slid in the morning session despite the better-than-expected economic data released today, showing that the world's second-largest economy is recovering after the pandemic.

The Shanghai Composite Index was down 1.41 percent at 3,314.03 by the lunch break. The Shenzhen Component Index fell 1.41 percent to 13,540.95. The ChiNext Price Index, which tracks growth enterprises listed in Shenzhen, declined 1.73 percent to 2,764.49.

China's gross domestic product widened by 3.2 percent in the second quarter from a year ago after slumping 6.8 percent in the first quarter, the National Bureau of Statistics said today. An Yicai Global survey of 26 chief economists had predicted the second-quarter figure to rise by 2.37 percent.

Editor: Emmi Laine