Shares of Chinese metallurgical companies have reached a three -month maximum

The aggregate growth of capitalization in China reached up to three months of maximum after the government of Lee Kesian managed to restore the growth of lending. In addition, UBS AG and Deutsche Bank AG revised their forecasts for the economic growth of China aside.

The largest growth of shares was demonstrated by Aluminum Corp. Of China Ltd is the largest aluminum corporation China known as Chalco. Her papers grew by 9.9 percent. As you know, aluminum is also called “winged metal”, because it is this metal that is the basis of a complex alloy - duralumin from which are made wings of the aircraft , fuselage and tail plumage.

The capitalization of metallurgical and shipbuilding companies increased significantly. Yunnan Copper Industry Co, the fourth largest metal manufacturer, added 6.9 percent to 10.59 yuan. Hebei Iron & Steel Co shares increased by 5.9 percent to 2.16 yuan.

“The fresh data on China’s economy is quite strong and it warms up the expectations of investors, showing that the restoration of the economy is in the right direction. These factors will contribute to the growth of demand for risky assets, such as shares,” said the head of the Jingxi Investment Management CO investment department, Mr. Van Zheng.

Meanwhile, analysts are in no hurry to celebrate the restoration of the Chinese economy. The other day, Prime Minister of China Lee Katsyan said that his office would take measures to "align" distortions in credit markets and called on the Central Bank of China to limit the possibilities for speculation in the country's domestic market.