China's stock market embraces epic surge ahead of National Day holiday

The recent rally in China's stock markets, fueled by a series of stimulus measures, has significantly ignited investors' enthusiasm and bolstered market confidence in the country's economic recovery.

The benchmark Shanghai Composite Index surged 8.06 percent to close at 3,336.50 points on Monday, while the Shenzhen Component Index soared 10.67 percent to reach 10,529.76 points at the close.

The ChiNext Index, a NASDAQ-style subsidiary of the Shenzhen Stock Exchange tracking growth and tech-heavy enterprises, skyrocketed 15.36 percent to close at 2175.09 points.

Monday is the last trading day before the week-long National Day holiday. Chinese stock markets will be closed from Tuesday through Oct. 7.

The trading volume on the Shanghai and Shenzhen bourses hit some 2.6 trillion yuan (about 370 billion U.S. dollars) on Monday, reaching a historic high.

More than 700 stocks listed on the two bourses hit their daily limits, with over 2,700 stocks gaining more than 10 percent.

China last week unveiled a slew of stimulus measures, including interest rate cuts, aimed at boosting economic growth and stabilizing the property market, triggering a broad rally in the stock market.

"In today's market performance, securities firms, liquor producers and real estate developers topped the gainers list. Judging by the current situation, with the continuous introduction of policies to ensure stable growth and marginal improvements in economic data, economic expectations are expected to warm up. With the establishment of a 'policy bottom,' optimistic anticipation of future policies is likely to further boost the stock market. Funds are still rapidly increasing positions in the main board index, indicating a potential continuation of the upward market trend," said Tian Lihui, director of the Institute of Finance and Development at Nankai University in north China's Tianjin Municipality.

Following this short-term surge, continued optimism over economic policies is likely to further elevate the stock market, with further increases expected in the Shanghai Composite Index, according to Yang Delong, chief economist at Qianhai Open Source Fund.

A series of monetary, fiscal, and capital market policies released in a short period of time are catalyzing this growth momentum, leading to a comprehensive reversal in policy expectations, Yang said, noting that optimistic economic forecasts are beginning to take root, significantly boosting investor confidence as a result.

China's stock market embraces epic surge ahead of National Day holiday

Chinese automaker FAW, located in China's automobile hub of Changchun, is making rapid strides in smart manufacturing by adopting a series of groundbreaking technological innovations.

At the carmaker's technology innovation space, engineers are conducting noise, vibration, and harshness (NVH) testing of Hongqi cars, the iconic FAW brand, to optimize vehicle performance and uphold a standard of passenger comfort.

"We are conducting a test of the vehicle's vibration and noise under simulated road conditions. Through hundreds of test indicators, we can assess the driver's experience of vibration and noise during the driving process. For example, in the car we tested, when driving at a high speed of 120 kilometers per hour, the overall noise from the tires, wind, and other sounds was only about 60 decibels, which is equivalent to the volume of normal human conversation," said Pan Dianlong, Director of NVH Simulation and Verification at the FAW Research and Development Institute.

Behind the impressive NVH performances of the Hongqi vehicles is advanced intelligent technology. At the FAW Hongqi manufacturing plant, intelligent network coverage has reached 90 percent. In the workshop for another major FAW brand - Jiefang, the official launch of the 9 millionth self-developed Jiefang heavy truck took place on July, 2024. With a series of groundbreaking technological innovations, 140 heavy trucks can now roll off the production line in that workshop each day.

Wang Yiqiang, director of FAW’s Jiefang J7 Intelligent Factory Workshop, says the latest generation of FAW Jiefang heavy-duty trucks, the J7 series, is considered a milestone in China's heavy-duty truck industry.

"In the early days, our Jiefang trucks were primarily used for cargo transportation. Now, our latest generation of trucks serves as both a living and social space for drivers, where they can rest, play, and even communicate with other drivers online," explained Wang.

Since the first Jiefang truck was developed in 1956, the brand has continuously pursued constant innovation.

"The tire assembly process is fully automated, with robots and automatic guided vehicles working together. Our digital monitoring system can integrate factory data across all dimensions, visualize the three-dimensional information, track indicator trends in real time, and monitor the production schedule to ensure traceability throughout the entire life cycle of our vehicles," said Wang.

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