The Shanghai Composite Index surges over 2%.
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Optimism fuels the rally.
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News of government plans dims investor enthusiasm.
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Concerns about slowing economy and corporate earnings.
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Positive data from the services sector provides a glimmer of hope.
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Foreign investors show increased interest in Chinese equities.
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Hints of possible monetary easing.
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Long-term outlook remains cautious.
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Investors advised to remain vigilant.
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The future of China's stock market depends on effective government policies.
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