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Chinese Shares Up 1.74% on Further Govn't Stimulus

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Chinese shares rose 1.74 percent to 2,663.77 points on Wednesday as investors confidence had been greatly boosted by the government's continuous stimulus efforts and initial recovery signs from April figures on industrial output and retail sales.

The benchmark Shanghai Composite Index rose 1.74 percent, or 45.59 points, to close at 2,663.77. The Shenzhen Component Index edged up 1.13 percent, or 115.22 points, to 10,294.37.

(Xinhua News Agency May 13, 2009)