China’s stocks rose, sending the benchmark index to a one-month high, as Anhui Conch Cement Co. led a rally for material companies and the government signaled measures to reduce coal supply that may boost industry prices.
Chinese President Xi Jinping’s crackdown on booze-filled bureaucrats and support for the tainted dairy industry have led milk producers to supplant liquor makers as the nation’s top-performing beverage stocks.
Walking through Beijing’s Tiananmen Square last week, a German family of five surrounded me, all wearing large face masks and sunglasses. They weren’t robbing me, just asking me to take their photo. When I yelled the customary “Say ‘cheese,’” the dad joked: “We are smiling under here.”