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| China stocks slip as industrial profit growth slows |
China stocks slipped on Friday as April industrial profit data added to concerns that a recent pick-up in the economy may be short-lived.
Both China's blue-chip CSI300 index and the Shanghai Composite Index fell 0.3 percent, to 3,055.29 points and 2,814.03 points, respectively. They looked set to end the week fractionally lower.
Many investors remained on the sidelines, worried about China's economic health and the impact of a possible US rate hike next month.
Profit growth at China's industrial firms slowed in April, in line with other data for the month which suggested the economy may be losing steam again after picking up earlier in the year.
The People's Bank of China will keep policy slightly loose to support the economy, which still faces downward pressure, the China Business News said on Thursday.
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Global financial markets have been buzzing over whether China is shifting to a more cautious policy stance since an article in the official People's Daily early this month.
Most sectors in China fell, according to a news agency report.
-SRS-
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