The blue-chip CSI300 index was up 2.7%, with its financial sector sub-index higher by 2.7%, while the consumer staples sector rose 3.5%, the real estate index gained 2.7% and the healthcare sub-index added 3.3%.
Mainland China reported a doubling in new virus cases, driven by a jump in infected travellers returning home from overseas, raising the risk of transmissions in Chinese cities and provinces that had seen no new infections in recent days. After surveying thousands of Chinese firms, China Beige Book International suggested that"a 10-11% GDP contraction in the first quarter is not unreasonable."
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more: