China's consumer shares gain on govt stimulus guidelines

Foshan Haitian Flavouring and Food Co

22/09/2020 04:46

** Shares in China's consumer firms climb, as investors
cheer Beijing's latest efforts to boost consumption 
    ** China's cabinet on Monday issued guidelines to boost new
types of consumption, including online shopping and payments, in
a bid to support the recovery of the economy  urn:newsml:reuters.com:*:nL3N2GI1V5 
    ** The CSI300 consumer staples index  .CSI000912  gains
0.5%, having risen 43% so far this year 
    ** Industry bellwethers Foshan Haitian Flavouring
 603288.SS , Kweichow Moutai Co Ltd  600519.SS , Inner Mongolia
Yili Industrial Co Ltd  600887.SS  and Henan Shuanghui
 000895.SZ  rise 0.7% to 1.5% 


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