Chinese shares open higher over extended consumption stimulus

Chinese shares open higher over extended consumption stimulus

Chinese shares opened higher on Thursday as the Chinese government announced to further boost domestic consumption next year.
The benchmark Shanghai Composite Index rose 0.58 percent to open at 3,258.35 points. The Shenzhen Component Index edged up 0.66 percent to 13,862.76 points at the opening.
China\’s State Council said Wednesday that policies to boost consumption will be further strengthened and most of the current policies will be continued, in an effort to maintain a stable and relatively rapid economic growth next year.