Chinese stocks increase as car sales rise

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Source: Bloomberg
China's shares increased on Friday pushing the benchmark area index to the biggest weekly gain in one month after a report showed that car sales in the country exceeded forecast sending the SAIC Motor Corp., the nation's largest carmaker, to the highest level in four months. The Shanghai Composite Index added 1.7% to 2,228.15 at the close and it rose 2.5% this week.

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Fri, 11 Oct 2013 10:43:03 GMT

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