Deals
China’s Stocks Climb to Two-Week High on Stimulus Speculation
This article is for subscribers only.
China’s stocks rose, driving the benchmark index to a two-week high, on speculation the government will take more steps to halt slowing economic growth.
Great Wall Motor Co. advanced 6.4 percent as it was named among auto companies by BNP Paribas SA that may benefit from government subsidies. Hisense Electric Co. climbed to a one-month high after the Ministry of Finance said the nation will subsidize the use of energy-saving products. China Vanke Co., the country’s largest publicly traded developer, rose 1.1 percent as China International Capital Corp. said the central bank may cut lending rates as early as next month.