China’s infrastructure companies rally after government pledged more efforts to boost economy, released guidelines to free up capital in existing projects to boost investment

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Shares of Chinese heavy machinery manufacturers and construction companies stage a strong rally on Thursday after the authority pledged more efforts to boost the sluggish economy and released guidelines to free up the capital locked up in existing infrastructure projects.

The indexes tracking the two sectors are surging 4.7% and 3%, respectively, making them the best-performing sectors in the A-share market, compared to 0.09% gains for the benchmark Shanghai Composite Index . . .

 

 

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