China’s Roads-to-Subways Construction Spurs Stocks Rally

China approved plans to build 2,018 kilometers (1,254 miles) of roads, spurring the biggest stock-market rally in almost eight months on signs the government is stepping up stimulus efforts to revive economic growth.

The government also backed nine sewage-treatment plants, five port and warehouse projects, and two waterway upgrades, according to statements on the website of the National Development and Reform Commission yesterday. No investment amounts were given.