Frankfurt (Reuters) - Disappointing economic data from China dampened the mood on the German stock market on Wednesday.

The Dax fell by one percent to 16,412 points in the morning. The Chinese economy fell just short of analysts' expectations in the fourth quarter with a 5.2 percent increase in gross domestic product (GDP) from October to December. "Deflation and a seemingly never-ending weakness in the real estate sector continue to plague the Chinese economy in the new year," said Jochen Stanzl, market analyst at CMC Markets.

Over the course of the day, further speeches by central bankers in Davos will also be in the spotlight. Statements by the head of the ECB, Christine Lagarde, are likely to be particularly important for stock market investors. On a panel, the monetary watchdog will address the question of how economic growth can be secured in the long term in the face of ongoing tensions.

(Report by Anika Ross, edited by Sabine Ehrhardt. If you have any questions, please contact our editorial team at berlin.newsroom@thomsonreuters.com (for politics and the economy) or frankfurt.newsroom@thomsonreuters.com (for companies and markets).)