China markets rise on Lunar New Year spending blitz

Strong holiday consumption figures fuel hopes for economic rebound

202301 China stocks lunar new year.JPG

China reported a travel-and-spending blitz during the Lunar New Year holidays, boosting hopes for an economic rebound. © Reuters

ECHO WONG, Nikkei staff writer

HONG KONG -- Key mainland China stock indexes rose in the first trading session after the Lunar New Year holiday, as a travel-and-spending blitz propelled hopes for a rebound in the world's No. 2 economy.

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