The Mainland China share market finished session higher on Friday, 16 April 2021, as expectations of a domestic economic rebound cemented after the National Bureau of Statistics released stronger than expected economic data.
At closing bell, the benchmark Shanghai Composite Index advanced 0.81%, or 27.63 points, to 3,426.62. The Shenzhen Composite Index, which tracks stocks on China's second exchange, added 0.62%, or 13.67 points, to 2,220.22. The blue-chip CSI300 index rose 0.35%, or 17.21 points, to 4,966.18.
China's economic recovery quickened sharply in the first quarter ended March 2021 from a coronavirus-induced slump earlier last year, propelled by stronger demand at home and abroad and continued government support for smaller firms.
China's gross domestic product expanded 18.3% year-on-year in the first quarter of 2021, up sharply from the 6.5% growth in the fourth quarter of 2020, the National Bureau of Statistics said.