China stocks rise on economic data

Tech shares up as regulators clear way for offshore-listed firms' domestic IPOs

SHANGHAI - China stocks rebounded sharply on Monday amid optimism about robust April economic data despite lingering Sino-US trade dispute. Investors were especially enthusiastic about tech shares after regulators detailed rules paving the way for domestic flotation of overseas-listed technology giants.

The blue-chip CSI 300 Index rose 1.6 percent to 3,834.19 points, and the Shanghai Composite Index gained 1.5 percent to 3,136.64 points.