China's major stock indexes closed higher on Friday, with the benchmark Shanghai Composite Index up 2.91 percent to reach 3261.56 points.
The Shenzhen Component Index closed 4.71 percent higher at 10,357.68 points.
The combined turnover of the Shanghai and Shenzhen bourses reached around 2.1 trillion yuan (about 294.31 billion U.S. dollars), up from 1.49 trillion yuan recorded on the previous trading day.
Over 5,100 stocks ended higher, with those related to semiconductors and brokerages leading the gains.
The ChiNext Index, tracking China's Nasdaq-style board of growth enterprises, gained 7.95 percent to close at 2,195.1 points on the day.
Chinese shares close higher Friday
China has evolved as a partner of the World Bank in assisting low and middle-income countries by sharing its development experience with them, World Bank Senior Managing Director Axel van Trotsenburg said.
The managing director recently gave a lecture at Peking University in Beijing, where he discussed the World Bank's role in mitigating challenges such as post-pandemic recovery, climate change, supply chain disruption and geopolitical tensions.
In an interview with China Global Television Network (CGTN), van Trotsenburg acknowledged China's contribution to the World Bank's development.
"China has also evolved as a partner. In a sense, it is not only the knowledge sharing within China of its experiences, but also the knowledge sharing outside of China, particularly also the poorer countries, what they could learn from the Chinese experience. And so, what I would argue is that makes for an exciting program, an evolving nature and a continued challenge, because as long as we challenge each other, then you find again new programs in which you could jointly work together. So, this is in my mind, a very important feature, a successful feature, and I hope that will continue that road," he said.
The World Bank is an international financial institution that provides loans and grants to the governments of low- and middle-income countries for the purpose of pursuing capital projects.
China evolves as partner of World Bank in assisting developing countries: senior official
