Economics
Chinese Stocks Complete Biggest Monthly Gain Since 2012
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China’s stocks rose, sending benchmark indexes to their largest monthly gain since December 2012, amid optimism government stimulus will boost economic growth.
Jiangxi Copper Co., the nation’s biggest producer of the metal, jumped 2.9 percent for a 15 percent gain this month. Poly Real Estate Group Co., the second-largest developer, added 2 percent, extending the July rally to 21 percent. Gauges of material and property stocks were the best performers in Shanghai this month, climbing 12 percent. Sinoma Energy Conservation Ltd. surged 44 percent on its first day of trading.