Hopes Run High for Chinese Stocks as Beijing Targets Consumption

(Bloomberg) — Chinese stocks are ending July on an optimistic note as Beijing showcases its determination to shore up an economy that’s lost steam in recent weeks.

Equities climbed again Monday, adding to last week’s rally and helping key gauges cap their best month since January. China’s top economic planning agency released a wide-ranging policy document containing some recently announced consumption-related initiatives, and a separate report said big cities such as Beijing and Shenzhen may ease curbs on the property sector.