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Inner Mongolia Stocks Rise on Report of Development Plan

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Aug. 19 (Bloomberg) -- China’s Inner Mongolian company shares rose in Shanghai trading after a media report said the central government may introduce a plan to push economic development in the northern region.

Inner Mongolia Yili Energy Co. jumped 7.2 percent to 12.75 yuan as of 9:36 a.m. local time, the most since Aug. 17. Xishui Strong Year Co., a cement maker, rose 6.1 percent to 12.98 yuan. Baotou Huazi Industry Co., a sugar producer, added 4.3 percent to 7.58 yuan and Inner Mongolia Eerduosi Cashmere Products Co. climbed 4.7 percent to 14.18 yuan.

A delegation from the central government led by the National Development and Reform Commission is making an onsite inspection of region, the 21st Century Business Herald reported today.

Link to Company News:{600191 CH <Equity> CN <GO>} Link to Company News:{900936 CH <Equity> CN <GO>}

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