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Upbeat PMI data lift Chinese shares

Xinhua, December 1, 2016 Adjust font size:

Chinese shares gained on Thursday, supported by better-than-expected manufacturing and non-manufacturing activity data.

The benchmark Shanghai Composite Index went up 0.72 percent to end at 3,273.31. The Shenzhen Component Index rose 0.69 percent to finish at 11,088.16.

The official manufacturing Purchasing Managers' Index (PMI) stood at 51.7 in November, its highest level since July 2014 and accelerating from October's 51.2, according to the National Bureau of Statistics.

China's non-manufacturing activity also expanded at a faster pace in November, with the PMI rising to 54.7 from 54 in October. Endi