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China’s Stocks Rose for 4th Day as Wen’s Comments Fuel Ea


 BloombergChina’s stocks rose for a fourth day after Premier Wen Jiabao said the nation needs to start “fine-tuning” economic policies this quarter, boosting speculation the government will ease monetary policy further.


The Shanghai Composite Index rose 3.21 points, or 0.1 percent, to 2,355.19 at the 11:30 a.m. local-time break, erasing a 1.2 percent loss. Three stocks climbed for every one that fell. The CSI 300 Index added 0.2 percent to 2,537.72. The Bloomberg China-US 55 Index, the measure of the most-traded U.S.-listed Chinese companies, retreated 1.2 percent on Jan. 10 in New York.


The Shanghai index advanced 0.9 percent last week for a fourth weekly gain, its longest winning streak since July 15. The measure has rebounded 7.1 percent this year on speculation the central bank will further cut lenders’ reserve-requirement ratios to spur growth. It announced a reduction in reserve ratios on Nov. 30, the first reduction since 2008, after boosting them and interest rates last year to cool inflation that accelerated to its fastest pace in three years in July.

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