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China shares hit 13-year high on reforms and COVID success

Benchmark index responding to signs of economic rebound despite US tensions

Chinese shares are expected to continue surging despite uncertainty over debt levels and tensions with the U.S.   © Reuters

HONG KONG -- China's main stock market index closed at a 13-year high on Tuesday, helped by an economic resurgence after the nation managed to control the coronavirus pandemic and by market reforms that attracted foreign capital.

The CSI 300 index, which tracks the largest shares listed in Shanghai and Shenzhen, climbed 1.9% to 5,368.50, its highest close since Jan. 18, 2008.

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