Key Points
– China’s state media fed an already exuberant Chinese stock market some extra fuel Monday with a report that said fostering a “healthy bull market” is important.
– The Shanghai stock market, up nearly 6% last week, added another 5.7% after the report, along with gains in other Chinese markets.
– Stocks globally surged on the prospect of an improving China, but they were also supported by stimulus from the world’s central banks.
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