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China's stocks regain 3,000-point level Tuesday

0 CommentsPrint E-mail Xinhua, October 19, 2010
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Chinese shares climbed 1.58 percent Tuesday, led by consumer-related companies as the central authorities vowed to continue to boost domestic demand in the next five years on Monday.

The benchmark Shanghai Composite Index advanced 46.63 points to close at 3,001.85.

The Shenzhen Component Index closed up 2.54 percent, or 320.93 points, to finish at 12,970.2.

Total turnover sharply decreased to 344.8 billion yuan (51.8 billion U.S. dollars) from 488.61 billion yuan on the previous trading day.

China will continue the policy of boosting domestic demand to maintain stable and rapid economic development, the 17th Central Committee of the Communist Party of China (CPC) said in a communique released Monday after its fifth plenary session.

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