Economics
China’s Stocks Advance as Data Boosts Looser Policy Prospects
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China’s stocks rose, with the benchmark index rebounding from the biggest decline in six weeks, as a slowdown in industrial output growth and new lending spurred speculation the government will ease monetary policy.
Poly Real Estate Group Co. climbed 2.5 percent, the most in two weeks. Production grew the least in 11 months in July, retail growth slowed and new loans climbed less than estimated, according to official data today. Inflation quickened to 3.3 percent, the fastest in 21 months. China Minsheng Banking Corp. added 1.3 percent after reporting higher profit.