Shanghai stocks surge to 2,031 on upbeat sentiment (2)

China's economy may expand 8.2 percent in 2013, from 7.7 percent estimated for this year as earlier easing measures are taking effect and the government has plenty room for policy adjustment, the Chinese Academy of Social Sciences said in its blue book on the national economy released today.

Cement producers advanced on hopes that the country's urbanization drive will spur demand for cement. Anhui Conch Cement Co, the nation's biggest cement producer, rose 4.9 percent to 17.42 yuan. Gansu Qilianshan Cement Group Co jumped by the daily limit of 10 percent to 9 yuan. Shaanxi Qinling Cement (Group) Co soared 9.9 percent to 4.22 yuan.

Insurers gained after the government allowed them to invest in commercial banks. China Life Insurance, the nation's largest insurer, added 2.6 percent to 18.53 yuan. Ping An Insurance Co, the second-largest, climbed 4.1 percent to 38.92 yuan. China Pacific Insurance Co surged 5.6 percent to 18.60 yuan.

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