China stocks erase loss as builders get official boost

China plans to invest close to USD 300 billion in motor and waterways in 2017, informs the country's Ministry of Transport. China stocks soared as investors bet on state-backed builders after the government's announcement.
Photo: Georg Hammerstein/POLFOTO/ARKIV
Photo: Georg Hammerstein/POLFOTO/ARKIV
BY BLOOMBERG NEWS

China stocks rose in afternoon trading to erase earlier losses as investors bet on state-backed builders after the government announced a spending plan for public works that include 5,000 kilometers of new highway next year.

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