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City lights shine for equities in China

Updated: 2013-02-28 11:22
(The Wall Street Journal)

Quote from The Wall Street Journal:

"Li Keqiang has said that China needs to 'push forward' with urbanization, calling it a 'huge engine' of economic growth."

"His words have given the green light to money managers: Many are now jumping into Chinese stocks, wagering that a further expansion of China's cities will give a boost to consumer spending. That would trickle through to companies from property developers to health-care providers in the form of bigger profits and higher share prices."