China Stocks Rise to 2-Month High on Property Easing Speculation

China’s stocks rose, capping a fourth week of gains for the benchmark index, after an eastern Chinese city said it would subsidize home purchases, signaling some policy easing of property restrictions.

Developers China Vanke Co. and Poly Real Estate Group Co. surged at least 2 percent after Wuhu city said it will waive a deed tax. Anhui Conch Cement Co. led gains for construction material makers after the 21st Century Business Herald reported government investment in low-income housing will increase. EGing Photovoltaic Technology Co. jumped 4.7 percent after Deutsche Bank AG said major Asian solar manufacturers are running at full capacity. China’s exports fell 0.5 percent from a year ago in January while imports declined 15.3 percent, a report showed.