Pursuits
China Stocks Rise to 7-Month High as Vanke Surges; Moutai Falls
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Chinese stocks rose to the highest level in more than seven months as gains by China Vanke Co. and industrial companies overshadowed declines among consumer staple and technology shares.
Vanke, China’s biggest developer, surged 10 percent after saying it plans to move trading of its foreign-currency denominated B shares to Hong Kong. A gauge of Shenzhen B shares jumped the most in more than three years. China Shipping Container Lines Co. climbed the most since November 2010 after saying it turned profitable last year. Kweichow Moutai Co. led declines among consumer-staple companies.