(Bloomberg) -- China's key stock index rose to a
record, having taken less than two weeks to rebound from a rout
that erased more than $400 billion of market value.
China Merchants Bank Co. and property developer China Vanke
Ltd. paced gains after policy makers held off from raising
borrowing costs to cool the stock market and the economy.
Premier Wen Jiabao last week said monetary policy needs
``moderate tightening,'' after official reports showed inflation
accelerated to a two-year high and money-supply growth stayed
above the central bank's target for a fourth straight month.
Read more at Bloomberg Emerging Markets News
record, having taken less than two weeks to rebound from a rout
that erased more than $400 billion of market value.
China Merchants Bank Co. and property developer China Vanke
Ltd. paced gains after policy makers held off from raising
borrowing costs to cool the stock market and the economy.
Premier Wen Jiabao last week said monetary policy needs
``moderate tightening,'' after official reports showed inflation
accelerated to a two-year high and money-supply growth stayed
above the central bank's target for a fourth straight month.
Read more at Bloomberg Emerging Markets News
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