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Positive FDI data drive Chinese shares 2.7% higher

0 CommentsPrint E-mail Xinhua, November 16, 2009
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Chinese equities rose 2.74 percent Monday on the newly released growing monthly foreign direct investment (FDI) figures, showing investors' heartened confidence on the revival of the world's fastest-growing economy.

The benchmark Shanghai Composite Index, which covers both A and B shares, climbed 2.74 percent to 3,275.05 points. The Shenzhen Component Index added 3.28 percent to 13,699.68 points.

The amount of foreign direct investment China received climbed for the third consecutive month in October, up 5.7 percent year on year to 7.1 billion U.S. dollars, the Ministry of Commerce said here Monday.

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