Economics
China Stocks Rise for 2nd Day on Infrastructure Spending Report
This article is for subscribers only.
China’s stocks rose for a second day on speculation the government will accelerate infrastructure spending to counter an economic slowdown and after German and French officials said they will work to keep Greece in the euro.
Anhui Conch Cement Co., the biggest Chinese cement producer, gained the most in a month after the China Securities Journal reported the government plans to speed up approval of infrastructure construction projects. China Vanke Co. and Poly Real Estate Group Co. advanced at least 3.9 percent as Macquarie Securities Ltd. said China may loosen property restrictions by the end of the year and the 21st Century Business Herald said China is unlikely to expand property tax trials nationwide.