Reviving confidence
Before the meeting on Monday, many foreign media outlets were hyping negative views on the Chinese economy due to slowdown pressures. But on Tuesday, market confidence clearly improved, as stock prices surged, northbound capital inflows in-creased, and overall market performance indicated a renewed confidence among in-vestors.
The stock market opened higher on Tuesday morning and continued the rally throughout the day, with all three major indexes on the Chinese mainland surging over 2 percent. At market close, the Shanghai Composite Index edged up by 2.13 percent, the Shenzhen Component Index rose by 2.54 percent, and the ChiNext Index gained 2.14 percent.
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