Economics
China Stocks Rise to 10-Week High on Li Confidence
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China’s stocks rose to a 10-week high after Premier Li Keqiang said he’s confident the country will achieve this year’s economic goals and Goldman Sachs Group Inc. boosted its forecast for the nation’s expansion in 2013.
Industrial Bank Co. and Poly Real Estate Group Co. surged more than 4 percent to lead a rally for lenders and developers. Guangzhou Automobile Group Co. rose 2.8 percent, pacing a rally for consumer companies reliant on economic growth. Heilongjiang Agriculture Co. jumped 10 percent on speculation government reforms will boost the industry. Shanghai International Port (Group) Co. declined for the first time in eight days.