Economics
China Shares Advance to Nine-Month High on Fiscal Spending Bets
- SOEs doing well on consolidation speculation, Jingxi says
- China Coal surges by daily limit as commodity’s price climbs
The State of China as Sixth Party Plenum Begins
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Shanghai’s benchmark equity index closed at the highest level since January amid optimism that the government will boost infrastructure spending and speed up an overhaul of state-owned companies.
China Shenhua Energy Co. provided the biggest boost to the Shanghai Composite Index, while China Coal Energy Co. surged by the daily limit as prices of the commodity climbed. China Communications Construction Co. rose 2.4 percent, while Power Construction Corp. of China added 3.8 percent. Inner Mongolia Yili Industrial Group Co., a dairy producer, jumped after saying it would buy a stake in China Shengmu Organic Milk Ltd.