China's main stock index rose to a six-week closing high yesterday and turnover expanded to levels last seen near the market's peak, as second-tier industrial shares soared while financials stayed weak.
The government should do more to lure initial public offerings (IPOs) from other international markets, according to a recent business sentiment survey.
Olympics-concept stocks soared, pushing the Shanghai Composite Index up 0.21 percent yesterday when trading resumed after a four-day New Year break.
Although the stock market rally in the past year seems to have lost much of its steam, analysts remain confident of the upward trend, albeit at a much more moderate curve.
Hangzhou, the capital of East China's Zhejiang Province famed for its rich natural beauty and cultural heritage, has mapped out a massive plan to boost 10 key promising segments of the city's characteristic industry over the next five years, in a bid to attract more domestic and overseas tourists.
Foreign tourists have accounted for a relatively large share of the city's steadily growing tourism market, which has maintained double-digit growth in the last two years.
Construction of a 1.8-million-ton cold-rolled steel plate project kicked off in the Guangdong capital early this week.
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