Baoding Tianwei, China New Energy Stocks Rise After Spending Plan Report

Baoding Tianwei Baobian Electric Co. led alternative energy companies higher after Reuters reported China may invest as much as $1.5 trillion in seven strategic industries over a five-year period.

Baoding Tianwei rose 5.4 percent to 25.35 yuan as of 10:02 a.m. in Shanghai. The nation may invest as much as 2 trillion yuan annually in the alternative energy, biotechnology, information technology, high-end equipment manufacturing, advanced materials, alternative-fuel cars and energy-efficient and environmental technology industries, Reuters said, citing an unidentified source with direct knowledge of the matter.

To contact the editor responsible for this story: Allen Wan at

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.