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On Monday, China stocks ended after some data analysis showed that the economy expanded at a much slower rate in the second quarter and factory output growth for the month of June showed a two-year low, all while a trade war with the US is threatening to hit exports. The Shanghai Composite index fell 0.6% to 2,814.04, while the blue-chip CSI300 index fell by 0.6% at 3,472.09 points. Real estate and banking led the fall, with 2.3% and 2.1% fall of indexes respectively.

Amid the growing trade tensions, China’s stocks are almost down by 30% since the peak in the month of January. But, despite this fall, the market is still on a medium to long-term buy horizon and is looking for entry points, as written in a note by an Amundi Asset Management analyst on Monday. He said the statement referring to stocks being traded on the mainland.

The analyst also stated in his note that the best opportunities are in the consumption and domestic-driven stocks. Property and bank shares are also potential steals. These sectors are not directly influenced by the escalating trade war between the US and China. Amundi’s head of Asia ex-Japan equity, Angelo Corbetta, stated that the Chinese government has already started to implement some measures to help households, but the direction will be targeted and gradual.

Earlier in July, Donald Trump instituted 25% duties on Chinese goods worth $34 billion. In response, China implemented the same tariffs on US goods. Last week, US released a list of Chinese goods with an annual trade value of approximately $200 billion will be subjected to a tariff of 10%.

According to Amundi, the worsening trade tension between China and US can be beneficial for the former, as it can help the country to accelerate its reform agenda like opening up its financial sector to foreign investors.