Economics
China’s Stocks Rise for First Time in Four Days on Stimulus Bets
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Chinese shares rose for the first time in four days after the first contraction in manufacturing in nine months spurred speculation the government will introduce more stimulus measures.
China Vanke Co., the nation’s largest developer by market value, gained the most in two months after SouFun Holdings Ltd. said August home prices increased. Citic Securities Co., China’s biggest listed brokerage, paced gains among brokerages after the China Securities Regulatory Commission allowed trust companies to resume investing in equities. Manufacturing slowed further in August, surveys of purchasing managers showed Sept. 1 and today, with one gauge at the lowest level since March 2009.