Chinese aerospace and defence stocks rally on Monday, with an index tracking the sector compiled by Wind Information up 1.3% as of 9:49 am, making it one of the best-performing sectors in the A-share market.
The rally came after Chinese Premier Li Keqiang said in his government work report that China will boost defence spending by 7.2% to 1.55 trillion yuan ($224 billion) this year, slightly outpacing last year's increase and expected economic growth.
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