Economics
China’s Stocks Rise Most in Five Weeks on CSRC’s Market Measures
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China’s stocks rose, driving the biggest gains for the benchmark index in five weeks, after regulators broadened measures to boost investor confidence and a report showed American payrolls climbed more than forecast.
Jiangxi Copper Co., the biggest Chinese producer of the metal, climbed 5.1 percent on the prospect of higher commodities demand. Xiamen Tungsten Co. jumped by the 10 percent daily limit after the Shanghai Securities News said it will play a leading role in the consolidation of the rare-earth industry in Fujian province. Shanghai Zhangjiang Hi-Tech Park Development Co. surged the most in a year after the government approved the expansion of an over-the-counter stock market.