China Stocks Rise Most in Two Weeks on Report of Higher Exports

China’s stocks rose the most in more than two weeks after Reuters reported a surge in the nation’s exports and higher-than-estimated new loans in May, signaling Europe’s debt crisis hasn’t derailed the economy.

Banks and property developers rallied the most in the benchmark index as new loans exceeded economists’ estimates by 5 percent. Bond yields increased after Reuters reported exports grew about 50 percent last month from a year earlier, while consumer prices gained 3.1 percent. (more)