China stocks rise on upbeat economic data, vaccine hopes

SHANGHAI: China stocks ended higher on Tuesday, as upbeat Chinese economic data and coronavirus vaccine hopes lifted risk appetite.

The blue-chip CSI300 index rose 0.8% to 4,688.48, while the Shanghai Composite Index gained 0.5% to 3,295.68.

China's industrial output accelerated the most in eight months in August, while retail sales grew for the first time this year, suggesting the economic recovery is gathering pace as demand starts to improve more broadly from the coronavirus crisis.

Meanwhile, China's central bank injected 600 billion yuan ($88.13 billion) worth of medium-term loans into the banking system to supplement liquidity.