China stocks rise as market awaits Trump-Xi meeting
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China stocks rose on Wednesday, with the CSI300 Index up 0.5% and the Shanghai Composite Index gaining 0.4%, as investors remained optimistic ahead of the Trump-Xi meeting on trade. The meeting is expected to address U.S. tariffs on Chinese goods and fentanyl exports. Meanwhile, China presented its five-year development plan, targeting economic growth of 4.5%-5%. The CSI New Energy Index rose over 3%, despite electric vehicles being excluded from strategic industries. Stocks related to Nvidia also saw gains, with Guochuang Software up 13%.
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