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Investors in Chinese stocks seek 'rule of law' plays

HONG KONG -- China's stock markets seemed generally receptive Friday to a Communist Party statement on strengthening the rule of law, with investors even trying to divine which companies might benefit from administrative and judicial reforms.

     In a communique issued at the close of its latest plenary session Thursday, the party's Central Committee said it will promote administration by law and judicial fairness. That may sound democratic, but the statement made clear that the goal is to serve "the socialist rule of law with Chinese characteristics."

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