Related News
Rail projects lay tracks for climb in key index
By Ye Zhen |
September 7, 2012, Friday
|
Print Edition
Print Edition
SHANGHAI stocks yesterday rose for the first time in three days, bolstered by railway-related counters after China approved 25 subway projects to boost spending on infrastructure to shore up the nation's sluggish economy.
The Shanghai Composite Index gained 0.7 percent to close at 2,051.92 points.
The National Development and Reform Commission, China's top economic planner, has given the green light to the projects, 23 of which involve a total investment of 832.6 billion yuan (US$131 billion).
An HSBC report said yesterday that spending on the projects may boost the annual growth of investment in infrastructure to 20 percent this year from 15 percent now, which will offset the negative impact from weak demand in real estate and exports.
China Railway Erju Co rose 8.5 percent to 6.52 yuan and China Railway Construction Co jumped 4.2 percent to 4.49 yuan.
Jinxi Axle Co, a provider of railway parts, surged by the daily limit of 10 percent to 10.74 yuan. China CNR Co and CSR Corp, the nation's train makers, rose 4.4 percent to 3.53 yuan and 4.04 yuan.
The Shanghai Composite Index gained 0.7 percent to close at 2,051.92 points.
The National Development and Reform Commission, China's top economic planner, has given the green light to the projects, 23 of which involve a total investment of 832.6 billion yuan (US$131 billion).
An HSBC report said yesterday that spending on the projects may boost the annual growth of investment in infrastructure to 20 percent this year from 15 percent now, which will offset the negative impact from weak demand in real estate and exports.
China Railway Erju Co rose 8.5 percent to 6.52 yuan and China Railway Construction Co jumped 4.2 percent to 4.49 yuan.
Jinxi Axle Co, a provider of railway parts, surged by the daily limit of 10 percent to 10.74 yuan. China CNR Co and CSR Corp, the nation's train makers, rose 4.4 percent to 3.53 yuan and 4.04 yuan.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 娌狪CP璇侊細娌狪CP澶05050403鍙-1
- |
- 浜掕仈缃戞柊闂讳俊鎭湇鍔¤鍙瘉锛31120180004
- |
- 缃戠粶瑙嗗惉璁稿彲璇侊細0909346
- |
- 骞挎挱鐢佃鑺傜洰鍒朵綔璁稿彲璇侊細娌瓧绗354鍙
- |
- 澧炲肩數淇′笟鍔＄粡钀ヨ鍙瘉锛氭勃B2-20120012
Copyright 漏 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
