China’s Market Rises on Factory Growth Erasing this Weeks Losses

“China’s stocks rose, narrowing the benchmark index’s biggest weekly loss since November, as a report showing manufacturing expanded eased concerns the nation’s policy tightening measures have slowed the economy.

Anhui Conch Cement Co., China’s biggest cement producer, climbed 2.1 percent as the factory gauge stayed above the expansion threshold. China Southern Airlines Co. gained the most in two weeks as a stonger yuan may cut its U.S. dollar-based debt. Datang International Power Generation Co. led a rally for power producers on speculation the government may allow them to boost prices. Industrial Bank Co. slid 3.3 percent after Orient Securities Co. said banks’ net interest margin growth will slow.”

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