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Chinese shares hit 5-year high on growing optimism over economy

Services sector survey fuels hopes rebound is taking hold in world’s biggest emerging market

Chinese stocks have rallied to a five-year high after a survey suggested the nation was recovering from the economic blow of coronavirus. The CSI 300 benchmark index of Shanghai and Shenzhen-listed shares rose 1.9 per cent on Friday to end the week at its highest level since June 2015. The Caixin/Markit purchasing managers’ index showed…

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