China stocks jumps on upbeat economic data, govt support measures

Mainland China share market closed higher for the first time in three days on Thursday, 11 June 2015, after latest batch of economic data signaled the nation's economy may be stabilizing. Also, buying spree was inspired by the latest measures taken by Beijing to bolster a slowing economy. The benchmark Shanghai Composite Index grew 15.56 points, or 0.3%, to 5121.59.

The national Bureau of Statistics said on Thursday that China's Industrial output accelerated to 6.1% in May from a year earlier, accelerating from 5.9% growth in April. Retail sales added 10.1% in May from a year earlier, accelerating slightly from a 10% increase in April. Fixed-asset investment excluding rural households climbed 11.4% from a year earlier in the January-May period, compared with an increase of 12.0% for the first four months of the year.

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