Chinese Stocks Rally Most Since 2016 as State Steps Up Support
- Xi pledges unwavering support for non-state companies
- China’s share market reclaims title as the world’s wildest
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Chinese stocks jumped the most since March 2016 after top officials moved to shore up the economy and offer support to the struggling private sector.
The Shanghai Composite Index surged 4.1 percent on Monday and extending Friday’s 2.6 percent gain, after sinking to a four-year low last week. A measure of 10-day volatility also climbed to the highest since March 2016.