Despite a slowdown in expected growth within the service sector, the sentiment is at its highest since last April, driven by optimism about improving economic conditions and government support.
Oil prices have risen for the second consecutive day following signs of economic recovery in China, with Brent and WTI crudes increasing by about 0.3%.
The introduction of plans to support domestic spending and the real estate market are seen as crucial in the efforts to revive the Chinese economy.
The structural overhaul plans regarding the hukou system could incentivize urban property purchases, although their overall effect on the real estate market remains doubtful.
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