By Mahmoud Gamal
Mubasher: China’s stock indices advanced at close on Tuesday, to record the biggest one-day gains in two months, amid forecasts for more stimulus steps following downbeat economic data.
Shanghai index rose by 3.2% to 3,007 points, which is the biggest gains since 4 November.
China announced today that its economy registered a 6.9% growth in 2015, which is the slowest pace recorded since 1990.
The world’s second biggest economy achieved 7.3% economic growth in 2014.
Official data also revealed that China’s gross domestic product rose by 6.8% in the last quarter of 2015, compared with the same period in 2014, which is the slowest pace since the global crisis in 2009.
