Economics
China’s Stocks Rise, Paring Weekly Loss
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China’s stocks rose as consumer companies extended the biggest weekly rally among industry groups on speculation they will benefit most from government efforts to focus on domestic demand to support economic growth.
Liquor makers Kweichow Moutai Co. and Wuliangye Yibin Co. advanced at least 3.1 percent after Shenyin & Wanguo Securities Co. recommended buying consumer stocks. Jiangling Motors Corp., the commercial vehicle partner with Ford Motor Co. gained 2.6 percent after net income rose 9.3 percent last year. Shanghai Pudong Development Bank, the Chinese partner of Citigroup Inc., added 0.7 percent after profit jumped 42 percent in 2011.