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25 May 2015
China CSI 300 rallies above 5000
FXStreet (Mumbai) - China’s CSI rallied above 5000 on Monday for the first time in seven years on speculation that the Chinese government will announce fresh measures to stimulate the economy.
The index rose 2.3% to trade well above 5000 levels. The index has rallied more than 7% last week after the China’s State Council announced its “Made in China 2025” plan aimed at making selective manufacturing industries more globally competitive.
Meanwhile, China’s Shanghai Composite advanced 2.5% to 4773.31. Trading volumes in the Shanghai Composite were reportedly 23% higher than the 30-day average.
The index rose 2.3% to trade well above 5000 levels. The index has rallied more than 7% last week after the China’s State Council announced its “Made in China 2025” plan aimed at making selective manufacturing industries more globally competitive.
Meanwhile, China’s Shanghai Composite advanced 2.5% to 4773.31. Trading volumes in the Shanghai Composite were reportedly 23% higher than the 30-day average.