Chinese shares gain on encouraging key economic figures
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BEIJING, Aug. 11 (Xinhua) -- Chinese equities advanced 0.46 percent, ending a straight decline in previous five trading days after the country released a series of rising economic figures Tuesday. The benchmark Shanghai Composite Index was up 14.97 points, to finish at 3,264.73. The Shenzhen Component Index gained 1.26 percent, or 163.46 points, to end at 13,137.11. Combined turnover shrank to 188.14 billion yuan (27.5 billion U.S. dollars) from 237.48 billion yuan on the previous trading day. China's retail sales rose 15.2 percent in July to 993.7 billion yuan (142 billion U.S. dollars) from a year earlier, and urban fixed-asset investment rose 32.9 percent year-on-year in the first seven months to 9.59 trillion yuan (1.4 trillion U.S. dollars), the National Bureau of Statistics (NBS) announced Tuesday. |
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