China’s stock-index
futures rose after President Xi Jinping announced details of his Silk
Road plan, and the central bank said the nation’s growth rate has
tumbled “a bit” too much and policy makers have scope to respond.
Futures on the CSI 300
Index expiring in April, the most active contract, advanced 1.2 percent
to 4,013.40 as of 9:25 a.m. local time. The Shanghai Composite Index
added 0.2 percent to 3,691.10 on March 27, taking its quarterly gain to
15 percent. The CSI 300 Index rose 0.6 percent. Hong Kong’s Hang Seng
China Enterprises Index slipped for a fourth day, losing 0.2 percent,
while the Hang Seng Index was little changed. The Bloomberg China-US
Equity Index jumped 1 percent.
Zhou’s remarks follow
signs that China slowed further in the first quarter, after recording
its weakest expansion since 1990 last year. The economy expanded 6.28
percent in February from a year earlier, Bloomberg’s monthly growth
tracker shows, and the government’s official factory reading due
Wednesday likely worsened, according to economists surveyed by
Bloomberg.
Source : Bloomberg
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