Economics
China Stocks Rise First Time in Three Days; Phone Shares Advance
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China’s stocks rose for the first time in three days, led by telecommunication and technology companies, after valuations on the benchmark index approached the lowest level this year.
Chengdu Dr Peng Telecom & Media Group Co. paced gains for phone companies on speculation they will benefit from China Mobile Ltd.’s development of a fourth-generation network. Fiberhome Telecommunication Technologies Co. surged the most in two years before the release of its first-quarter earnings. Western Mining Co. rebounded from a four-month low after net income more than doubled.