Economics
China’s Stocks Advance Most in Two Weeks on Earnings Speculation
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China’s stocks rose the most in almost two weeks, led by property developers and power producers, on optimism over corporate earnings and as foreign direct investment gained for the first time in nine months.
Huaneng Power International Inc. and Huadian Power International Corp. climbed more than 2 percent as UOB-Kay Hian Ltd. said power suppliers may join China Resources Power Holdings Co. in reporting higher annual profit. China Merchants Property Development Co. jumped 5.3 percent, leading a rally for developers, after earnings climbed.