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Per-capita disposable income of both urban and rural residents grew 8.6 per cent year on year.
German DAX had fallen by 0.89 per cent, the French CAC 40 by 0.91 per cent and London’s FTSE 100 by 0.70 per cent.
The drastic sell-off of tech and biotech stocks comes on fears that China's economic dynamo may be slowing down.
Rajan criticized an IMF report, which he claimed put forth a warning to emerging economies.
The two sides are expected to ink a 30-year deal to supply pipeline gas to China during Putin's May visit.
Chinese Premier Li Keqiang has said Beijing will settle for slower but sustainable development instead.
Beijing will work with ASEAN nations and neighbours like India to accelerate negotiations on the China-backed RCEP.
Emerging-market stocks hit a four-month high on Wednesday.
China accounts for 34 per cent of the global smartphone market.
Chinese shares are "too cheap to ignore", HSBC said in its latest China investment atlas.
