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Investors look at stock information at a brokerage house in Shanghai.   © Reuters

Shanghai stocks soar, yuan remains firm with government support

All-out effort in force to keep markets stable for Communist Party congress

YUSHO CHO, Nikkei staff writer | China

SHANGHAI -- Chinese authorities are pulling out all the stops to keep the financial markets stable ahead of the all-important Communist Party meeting that starts Wednesday.

The Shanghai Composite Index closed Friday at 3,390, a 22-month high. Kweichow Moutai, a major Chinese producer of premium baijiu spirits, hit an all-time record. And expectations that President Xi Jinping will step up environmental measures, an area he has focused on, led to buying of companies involved in water treatment and other green businesses.

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