China stocks slighly higher despite fresh record-low industrial output growth
15/12/2008 16:52
Chinese shares rose 0.52 percent today, as pledged policy boost over the
weekend outweighed impact on investor confidence following the announcement of a
record-low industrial output growth.
The benchmark Shanghai Composite Index
was up 10.16 points to close at 1,964.37. The Shenzhen Component Index ended up
0.12 percent, or 8.72 points, to 7,101.42.
Combined turnover on the two
bourses stood at 81.9 billion yuan (US$11.96 billion), down from 107.878 billion
yuan for the previous trading day.
The National Bureau of Statistics (NBS)
said this morning that China's industrial output rose 5.4 percent year-on-year
in November, the slowest pace since January 2001 according to NBS
figures.
Xinhua
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