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China Stocks Rise on Faster Economic Growth, Capping Weekly Gain

China’s stocks rose, capping the benchmark index’s biggest weekly gain this year, after data showed the economy accelerated for the first time in two years.

Gree Electric Appliances Inc. and SAIC Motor Corp., the largest Chinese makers of air-conditioners and autos, jumped more than 4 percent, leading an advance for companies reliant on growth in the economy. Poly Real Estate Group Co., the second-biggest Chinese developer, surged 5.5 percent after a report showed home prices rose in more cities last month. Beijing Tongrentang Co. led a gauge of health-care companies to the biggest gain among 10 industry groups this week.