(Bloomberg) -- China's stocks rose, leaving the
benchmark index set for its highest close this month. Shanghai
Pudong Development Bank Co. led lenders higher after it said
first-half profit climbed 50 percent and Ping An Insurance (Group)
Co. gained after a report showed premium incomes grew.
China is likely to raise interest rates this quarter to cool
inflation and investment after a report showed the economy grew
the most in 12 years, according to a Bloomberg survey of
economists. Some expect an increase today.
Read more at Bloomberg Stocks News
benchmark index set for its highest close this month. Shanghai
Pudong Development Bank Co. led lenders higher after it said
first-half profit climbed 50 percent and Ping An Insurance (Group)
Co. gained after a report showed premium incomes grew.
China is likely to raise interest rates this quarter to cool
inflation and investment after a report showed the economy grew
the most in 12 years, according to a Bloomberg survey of
economists. Some expect an increase today.
Read more at Bloomberg Stocks News
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