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China’s stock market closes at highest level since 2008 financial crisis

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World’s second-largest economy mounts rapid financial recovery from Covid-19 pandemic

China’s stock market has soared to its highest level since the 2008 financial crisis as the world’s second-largest economy mounts a rapid recovery from the coronavirus pandemic.

The CSI 300 index, which tracks the value of the biggest companies on the Shanghai and Shenzhen stock markets, closed up 1.9% on Tuesday at 5,368 points – the highest level since January 2008.

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