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China stocks rebound after GDP report surprises
China stocks rebound after GDP report surprises

China's benchmark stock index rebounded from the biggest loss in six years after data showed the nation's economy grew faster than estimated. The Shanghai Composite Index rose 1.8% to 3,173.05 after data showed gross domestic product rose 7.3% in the fourth quarter, beating the median estimate of 7.2%, while industrial production and retail sales grew faster than anticipated. The Shanghai gauge slid 7.7% Monday as a tightening of margin-lending regulation sparked a $291 billion rout in the country's equity market. "The economic data were mostly better than market estimates, easing concern about deteriorating growth," said Wang Weijun, a strategist at Zheshang...

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