Chinese stocks fell, capping a weekly decline, as import growth lagged behind exports in the year’s first two months and investors awaited the release of data from inflation to industrial production tomorrow.
China may need to raise interest rates should gains in the consumer-price index stay at more than 3.5 percent for three months, a senior researcher affiliated with the country’s top planning agency said.
China’s best-performing fund manager says the government’s pro-growth policies and pledge to compel state-owned companies to increase dividend yields will boost the nation’s stocks in the second half of the year.
China’s benchmark stock index rose on speculation the nation is increasing measures to spur the economy by allowing local governments to issue bonds and boosting investment for environmental protection.
China’s gross domestic product may peak in the first quarter and fall to about 10 percent in the last three quarters of the year, the China Securities Journal cited Chen Dongqi, vice director of the macroeconomics research institute at the National Development and Reform Commission, as saying.