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China stocks slighly higher despite fresh record-low industrial output growth
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15:53, December 15, 2008

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Chinese shares rose 0.52 percent on Monday, 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(11.96 billion U.S. dollars), down from 107.878 billion yuan for the previous trading day.

The National Bureau of Statistics (NBS) said Monday 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.

Source: Xinhua



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