Economics
China Copper Imports Drop for First Time in Eight Months
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China’s stocks rose to the highest in 11 weeks after European governments reached an agreement on a Greek aid package and investors speculated the Chinese government will adopt more measures to ease a credit crunch.
Industrial & Commercial Bank of China Ltd. and China Construction Bank Corp. led gains for lenders after money-market rates declined. Jiangxi Copper Co. climbed 1.3 percent after European finance ministers awarded 130 billion euros ($173 billion) in Greek aid. Gansu Qilianshan Cement Group Co. jumped to the highest in almost three months, pacing gains among companies based in western China after the government approved a plan to accelerate the region’s development.