Jeffrey: China Is Stabilizing but It's Not out of Woods
Chinese stocks climbed to a two-week high, led by consumer and industrial companies, on signs of stabilization in the world’s second-largest economy. The Shanghai Composite Index climbed 0.7 percent to its highest close since July 26. Dongxu Optoelectronic Technology Co. led gains by manufacturers after China’s factory-gate deflation eased in July for a seventh month in a row. China Film Co., the nation’s largest movie distributor, jumped by the 44 percent first-day limit in its Shanghai debut. The Hang Seng Index dropped from an eight-month high in Hong Kong. Cazenove Chief Investment Officer Richard Jeffrey discusses with Bloomberg's Francine Lacqua on "The Pulse."