Chinese Stocks Surge as Beijing Plans Briefing on Consumption
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China’s benchmark stock index rallied the most in two months on Friday, with consumer shares leading gains on expectations of more policy support for the sector.
The CSI 300 Index closed up 2.4% to its highest level since mid-December. Officials from the finance ministry, commerce ministry, the central bank and other government bodies plan to hold a press conference Monday on measures to boost consumption. A gauge of Chinese stocks listed in Hong Kong ended the day 2.8% higher.