China's consumer firms climb on hopes of sales boost from govt policy

Foshan Haitian Flavouring and Food Co

21/09/2018 03:13

** Shares of China's consumer goods companies climb on
expectations of sales boost as Beijing encourages resident
consumption 
    ** China's state council has published several opinion
pieces calling for improving resident consumption, amid trade
battle with the United State that has put pressure on China's
economy 
    ** Jiangsu Yanghe Brewery  002304.SZ  climbs as much as 4.5
pct to seven-week high 
    ** Yonghui Superstores  601933.SS , liquor maker Luzhou
Laojiao  000568.SZ  and Foshan Haitian Flavouring and Food
 603288.SS  all up about 2 pct 
    ** An index tracking major consumer firms  .CSI300CS  up as
much as 1.8 pct, on track for 7th session of gains in a row 

($1 = 6.8413 Chinese yuan)  

 ((luoyan.liu@thomsonreuters.com; Reuters Messaging:
luoyan.liu.thomsonreuters.com@reuters.net))