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China Stocks Advancing as Beijing Boosts Investments
Seemingly under the radar, China’s Shanghai Composite Index has risen 17.7% since Nov. 1.
Specifically – and not coincidentally – the index began its rise Nov. 10, the day after Beijing announced an ambitious economic stimulus plan that will pour $585 billion into housing, water-and-energy projects, airports, disaster relief and railroad construction over the next two years.
It’s this focus on developing jobs and infrastructure, or "new material product" – absent in any similarly focused U.S. stimulus so far – that will keep China’s economy on the fast track economically, while also helping boost the Red Dragon’s ailing stock market.
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