A Chinese manufacturing gauge rose to a seven-month high in June, supporting Premier Li Keqiang’s contention that the economy will avoid a hard landing as the government steps up efforts to spur growth.
Chinese Premier Li Keqiang said that the nation will avoid a hard landing, while limiting the scale of any stimulus to support economic growth.
Hong Kong stocks gained, with the city’s benchmark index rebounding after falling the most in three months yesterday, as technology shares rose.
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