中國經濟

Easing of Chinese inflation fears sparks Shanghai rally

Investor confidence in impending good news on Chinese inflation lifted the Shanghai market to its biggest gain in five weeks, helping to propel Asian stocks to 30-month peaks, while Seoul hit record highs.

Beijing is due to release much-awaited consumer price inflation figures on Thursday but talk in the markets was of an early leak that revealed a cooling in China’s economy.

“Investors seem to know the economic numbers due to be released [on Thursday],” Wang Zheng, of Jingxi Investment Management, told Bloomberg. “The rally reflects easing concern about inflation.”

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