China Stocks Rally Most in Four Months on Economic Stimulus Bets
- Steelmakers, coal producers climb before legislative meetings
- Developers surge amid signs real-estate frenzy is back
Why Moody's Cut China's Rating Outlook
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China’s stocks rallied the most since November, led by property companies and commodity producers, on speculation the government will announce measures to boost growth at legislative meetings this week.
The Shanghai Composite Index climbed 4.3 percent, as a gauge of real estate companies surged 5.6 percent. The yuan weakened offshore after Moody’s Investors Service reduced its credit-rating outlook on the nation to negative. The Hang Seng China Enterprises Index advanced the most in two weeks.