Equities soar on robust indicators
China Daily | Updated: 2009-10-21 08:26
Chinese stocks rose yesterday, driving the Shanghai Composite Index to a two-month high, after Vice-Premier Li Keqiang said the nation's economic growth is rebounding.
The benchmark index gained 46.18, or 1.5 percent, to 3,084.45, the highest close since Aug 13. The CSI 300 Index added 1.5 percent to 3,377.57.
"Exports are likely to recover slightly in the next six months and this should be able to sustain economic growth," Peter So, head of research at CCB International Securities Ltd, said in a Bloomberg Television interview in Hong Kong. "We expect consumption in China to continue to maintain at a higher level."
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