China’s Stocks Rise as Health-Care Shares Rally Most Since 2010
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Chinese stocks rose as a gauge of health-care companies rallied the most in more than two years on speculation the government is seeking to bolster the industry.
China Resources Double-Crane Pharmaceutical Co. surged 10 percent after the People’s Daily said the government plans to reduce the number of drug wholesalers. Suning Appliance Co., the biggest electronics retailer, jumped the most in a month after its board approved to a plan to start a domestic courier business. Ping An Bank Co. slid 2.5 percent, pacing declines by lenders amid speculation the government will take steps to cool the property market, curbing mortgage growth.