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Wan LixinOpinion deputy editor of Shanghai Daily
Restaurants get off to a quick start thanks to game-changing policies
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Blue chips buoy shares
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SHANGHAI shares ended yesterday at the highest level in more than three months, lifted by strong performance of heavyweights.
The Shanghai Composite Index added 0.61 percent to end at 3,273.03 points.
The official Purchasing Managers’ Index fell from a month ago to 51.4 in July, but still remained above the 50-point mark that demarcates growth and contraction.
Angang Steel advanced 2.6 percent to close at 6.28 yuan and Nanjing Iron & Steel jumped 8.48 percent. Baotailong New Material surged by the daily limit of 10 percent.
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