Chinese President Xi Jinping has announced new economic stimulus measures aimed at arresting a slowdown in the world's second-largest economy.
The intervention comes as Beijing faces mounting pressure to stabilize growth amid weakening domestic demand and external trade headwinds.
4% on Wednesday, buoyed by resilient manufacturing data and the renewed commitment to policy support from top leadership.
Mainland equities responded positively to the news, extending a two-day rally.
The CSI 300 index, which tracks large-cap stocks, rose 0.4% on Wednesday, buoyed by resilient manufacturing data and the renewed commitment to policy support from top leadership.
Investors are interpreting the announcement as a signal that authorities are prepared to deploy fiscal tools to prevent a deeper economic contraction.
The stimulus pledge arrives against a backdrop of heightened geopolitical uncertainty.