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Retailers Lead Bull Charge in Shanghai

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Rubber Duck

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http://news.bbc.co.uk/2/hi/business/6286001.stm

Chinese stocks have closed at a record high, led by strong gains in retail and transportation shares.
The Shanghai Composite index, rose 3.6% to close at 2,933.19 while the smaller Shenzhen Composite Index surged 4.2% to 700.20 - both record levels.

Retail shares lifted on strong sales expectations for the Chinese New Year, which is in mid-February.

Bus firm Beijing Bashi shares jumped 10%, the daily limit, to 9.96 yuan and Daqin Railway surged 10% to 10.07 yuan.
 
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