(Bloomberg) -- China's stocks rose for a seventh day.
China Vanke Co. led developers and banks higher on speculation
U.S. Treasury Secretary Henry Paulson may convince the Chinese
government to allow the yuan's gains to accelerate.
``A stronger yuan will boost profits at banks and
developers'' as investors are drawn to local assets, said Zheng
Tuo, who manages the equivalent of $790 million at Bank of
Communications Schroder Fund Management Co. in Shanghai.
Read more at Bloomberg Stocks News
China Vanke Co. led developers and banks higher on speculation
U.S. Treasury Secretary Henry Paulson may convince the Chinese
government to allow the yuan's gains to accelerate.
``A stronger yuan will boost profits at banks and
developers'' as investors are drawn to local assets, said Zheng
Tuo, who manages the equivalent of $790 million at Bank of
Communications Schroder Fund Management Co. in Shanghai.
Read more at Bloomberg Stocks News
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