China Stocks Rise to Highest Level Since June After Exports Jump – Bloomberg 09-08-13

Salient to Investors:

Mao Sheng at Huaxi Securities said investors are getting more confident about the economic data and stocks will be steadily rising for the rest of the year.

Xu Gao at Everbright Securities said we are clearly seeing stronger external demand momentum as manufacturing in the US and EU recover and that is going to become a stronger driver of China’s growth.

The Shanghai index is at 8.6 times projected 12-month earnings.

Read the full article at  http://www.bloomberg.com/news/2013-09-09/china-s-stock-index-futures-rise-after-exports-exceed-forecasts.html

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