Economics
China’s Stocks Advance on Speculation Inflation Is Peaking
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China’s stocks rose, spurring the biggest gain for the benchmark index in a week, on speculation inflation will decelerate the rest of the year and the nation’s economic growth may sustain earnings.
SAIC Motor Corp. climbed 1.9 percent after the nation’s car sales rebounded in June after dropping the previous month. Anhui Water Resources Development Co. jumped the most this month after Xinhua News Agency reported the government will speed up investment in water projects. China Shenhua Energy Co. led declines among coal companies as raw-material prices fell. China’s pork prices may retreat beginning in July and August, Xinhua reported, after a government report showed consumer prices rose at the fastest pace in three years last month.