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China's stocks end 2.88% higher Monday

China's stocks rose 2.88 percent Monday, with the benchmark Shanghai Composite Index ending at 2,922.95, as Saturday's economic data indicated a stable economic growth.

The Shenzhen Component Index gained 3.57 percent, or 444.56 points, to end at 12,905.02.

Three major economic figures released Saturday all pointed to faster growth, as industrial value-added output rose 13.3 percent year on year in November; urban fixed asset investment increased 24.9 percent from a year earlier in the first 11 months; and that retail sales grew 18.7 percent year on year.

China's decision makers wrapped up Sunday an annual economic planning meeting, vowing to enhance and improve macro-economic regulation to ensure stable and healthy economic development next year.

Total turnover expanded to 290.74 billion yuan (43.65 billion U.S. dollars) from 186.98 billion yuan on the previous trading day.

Winners outnumbered losers by 885 to 7 in Shanghai and 1,118 to 9 in Shenzhen.