Chinese stocks extended a powerful rally on Monday, with mainland markets poised for their best month in nearly a decade. Beijings stimulus efforts to halt an economic slowdown have fueled investor optimism,

Chinese stock markets experienced their highest single-day gains in 16 years, driven by Beijing's aggressive stimulus measures. The CSI300 and Shanghai Composite Indexes saw unprecedented increases, with investor optimism fueled by new capital market tools and property market support policies.

Chinese stocks surged on Monday, culminating a month-long rally propelled by Beijing's aggressive stimulus measures. Benchmark indexes in China and Hong Kong posted significant gains, with the CSI300 blue-chip index and the Shanghai Composite Index experiencing their best performance in nearly a decade.

Stock markets rose Friday as slowing US and European inflation raised hopes of more aggressive interest rate cuts and China took measures to boost its struggling economy.

This week, the Chinese government unveiled a slew of stimulus measures to boost its economy and get national GDP to an annual growth target of 5%.

For months, President Xi Jinping appeared unfazed by slowing growth as stocks sank, prices fell and discontent grew around China. This week showed he’s not willing to tolerate any more pain.

Chinese markets clocked their best week in almost 16 years as the mainland’s CSI 300 rallied 15.7% this week, buoyed by several economic stimulus measures by the central bank.

Chinese equities are on track for their best week since 2008 after Beijing launched an economic stimulus package including a $114bn war chest to boost the stock market. The CSI 300 index of Shanghai- and Shenzhen-listed companies is up 14.

Chinese property stocks and metal prices also rally after stimulus measures aimed at faltering economy. Good morning, and welcome to our rolling coverage of business, the financial markets and the world economy.