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Chinese shares up 2.14% on confidence booming


    Chinese shares rose 2.14 percent Monday, April 20, after the country's Premier said the stimulus package plan has shown positive results on Saturday.

    "China's economic stimulus package plan is already paying off, and positive changes have taken place in the economy," Premier Wen Jiabao said Saturday at the opening ceremony of the Boao Forum for Asia annual conference 2009.

Chinese Premier Wen Jiabao gives a keynote speech at the opening plenary of Boao Forum for Asia (BFA) Annual Conference 2009 in Boao, a scenic town in south China's Hainan Province, April 18, 2009. The BFA Annual Conference 2009 opened here on Saturday with the theme of "Asia: Managing Beyond Crisis". (Xinhua/Ma Zhancheng)
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    The benchmark Shanghai Composite Index rose 53.52 points or 2.14 percent to finished at 2,557.46 points. The Shenzhen Component Index added 2.23 percent, or 213.58 points, to close at 9,793.64.

    Gains outnumbered losses by 731 to 61 in Shanghai and 625 to 54 in Shenzhen.

    Combined turnover was 222 billion yuan (32.5 billion U.S. dollars), compared with the previous trading day's 241.24 billion yuan.

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