Breaking News         Latest US News              New York News              Fx Tribune

Extracting the best Quality Mother of the Groom Dresses
China stocks rose on Wednesday after better-than-expected factory activity surveys reinforced recent signs of rising economic momentum, but gains were pared in the afternoon as investors took profits. Continue Reading Below The blue-chip CSI300 index rose...

China Shares Rise on Factory Data

China stocks rose on Wednesday after better-than-expected factory activity surveys reinforced recent signs of rising economic momentum, but gains were pared in the afternoon as investors took profits. Continue Reading Below The blue-chip CSI300 index rose...

China Shares Rise on Factory Data

China stocks rose on Wednesday after better-than-expected factory activity surveys reinforced recent signs of rising economic momentum, but gains were pared in the afternoon as investors took profits.

Continue Reading Below

The blue-chip CSI300 index rose 0.2 percent to 3,458.44 points, while the Shanghai Composite Index also tacked on 0.2 percent to 3,246.93 points.

China's factory activity expanded faster than expected in February, with growth in both output and orders accelerating, official and private factory surveys showed on Wednesday.

"This is the 7th consecutive month that China's official manufacturing PMI stayed within expansionary territory, suggesting that industrial activity remains buoyant," said Zhou Hao, emerging markets economist at Commerzbank AG in Singapore.

Analysts say the survey results inject a dose of confidence into the market, at a time when fears surge that the recent recovery, triggered by government stimulus, has seen its day.

"There has been concern that the economic recovery we've seen is short-lived, and that growth will slow again in the second quarter. So this is good news," said Chang Chengwei, analyst at Hengtai Futures.

Continue Reading Below

Chang added that investors were also hopeful that the National People's Congress (NPC), which starts this weekend, will unveil reform policies that "exceed expectations."

Most sectors rose, led by resources stocks.

Shares of express delivery firm S.F. Holding climbed 4.8 percent in its seventh session of gains, surging as much as 83.5 percent in just seven trading days.

The stock had briefly made its founder Wang Wei the country's second richest person, only behind Dalian Wanda's Wang Jianlin.

(Reporting by Luoyan Liu and John Ruwitch; Editing by Shri Navaratnam)

Our editors found this article on this site using Google and regenerated it for our readers.

Publish Date : 01 Mart 2017 Çarşamba 03:26

Breaking News Headlines

Challenges of Studying MBA online and Suggestions to Overcome Them
Challenges of Studying MBA online and Suggestions to Overcome Them
Was Road-Rage To Blame For This New Jersey Semi-Truck Accident?
Was Road-Rage To Blame For This New Jersey Semi-Truck Accident?
Tobacco is the leading cause of cancer – Switch to e-cigs to avoid premature death
Tobacco is the leading cause of cancer – Switch to e-cigs to avoid premature death
Technology Advancements: How will Things Change?
Technology Advancements: How will Things Change?
Bad Science – Ensuring We Keep Things Simple
Bad Science – Ensuring We Keep Things Simple
A Meaningful Life: Just What You Need for Better Health
A Meaningful Life: Just What You Need for Better Health
What to Expect at the Canadian Citizenship Test and Tips to Prepare
What to Expect at the Canadian Citizenship Test and Tips to Prepare
Tipping in America- What Should You Know as a Traveler?
Tipping in America- What Should You Know as a Traveler?
Sepi proposes to the ex-minister Miguel Sebastian as a director of Indra
Sepi proposes to the ex-minister Miguel Sebastian as a director of Indra
There are two Spains in the employment
There are two Spains in the employment
Valerio dodge the shock with the CEOE and downgrade to 7% the rise of the bases maximum contribution
Valerio dodge the shock with the CEOE and downgrade to 7% the rise of the bases maximum contribution
Spain puts an end in the EU in four years of cuts in the quota of hake south
Spain puts an end in the EU in four years of cuts in the quota of hake south
POLLS Results ALL
Who is the most powerful actor in Syria

Front Pages
  • The Sun
NEWS ARCHIVES