China’s Stock Index Rises as Wen Comments Boost Policy Optimism

China’s benchmark stock index rose after Premier Wen Jiabao said the government will focus more on bolstering economic growth, overshadowing concern Europe’s debt crisis will deteriorate.

CSR Corp. and China CNR Corp., the nation’s two biggest train makers, jumped at least 2.9 percent after the 21st Century Business Herald reported the railway ministry has gotten a credit line of more than 2 trillion yuan ($316 billion), signaling transport projects may resume. Cosco Shipping Co., a unit of China’s biggest shipping company, fell 2.1 percent after a gathering of the leaders of the Group of Eight nations failed to deliver a unified strategy to quell the European debt crisis.