China’s stocks rose the most in a week as a European bailout eased concerns aboutshoes a global economic slowdown, allowing the government to focus on taming inflation and rising property prices. China Vanke Co. and Poly Real Estate Group Co. led gains for cheap shoesdevelopers after property prices climbed to a record in April. China Shenhua Energy Co. added 2.2 percent on higher coal prices. Chinese energy, material and telecom stocks had the biggest advances in the CSI 300 Index. The Shanghai Composite Index, which tracks the bigger ofwholesale shoes China’s stock exchanges, gained 19.72, or 0.7 percent, to 2,718.47 at 10:50 a.m., the most since May 5. The CSI 300 Index rose 1 percent to 2,887.52. China’s consumer prices rose 2.8 percent innike shoes April from a year earlier, the fastest pace in 18 months, and property prices jumped 12.8 percent, the statistics bureau said in statements today. New lending of 774 billion yuan ($113 billion), announced by the central bank, was more than any of 24 economists forecast. “Though CPI is at a high level, the European debt crisis has made the government very cautious about raising interest rates,” said Dai Ming, a fund manager at Shanghai Kingsun Investment Management & Consulting Co. “Declines in housing prices are big possibility and that will help ease tightening expectations. April housing price growth doesn’t mean the government measures aren’t working because we had a very low base at this time last year.” U.S. stocks rallied the most in more than a year yesterday aftercheap nike shoes European policy makers unveiled an unprecedented loan package worth almost $1 trillion an program of bond purchases to stop a sovereign-debt crisis. Europe’s rescue package will free Chinese officials to Nike Air Jordan Shoesfocus on containing asset prices and inflation at home rather than worrying about the global recovery, central bank adviser Li Daokui said. ‘Double-Dip Risk’ “The double-dip risk in the world economy is likely toair jordan be reduced to a minimum,” Li said in a telephone interview in Beijing yesterday. “China’s growth rate is not a problem this year, and the main policy focus should be on preventing excessive gains in asset prices and liquidity.” His comments are a personal view, he said. China Vanke, the nation’s biggest listed property developer, rose 0.4 percent to air jordan shoes7.33 yuan. Poly Real Estate, the second largest, added 0.2 percent to 10.97 yuan. Property Prices Residential and commercial real-estate prices in 70 cities climbed 12.8 percent from a year earlier, the National Bureau of Statistics said on its website. That topped the 11.7 percent surge in March, which was a record then for the data series that goes back to 2005. Beijing News said property prices inNike Air Max Shoes the capital slumped more than a third over the past one month. Housing prices fell 31 percent for the week ending May 9 from the week ending April 11, to average price of 16,898 yuan per square meter, the Beijing News reported today, citing statistics from consulting firm Comprehensive Real Estate Services Corp. Chinese banks can withstand a 30 percent to Air Max40 percent decline in home prices, the 21st Century Business Herald reported late yesterday on its website, citing unidentified bank officials. China Merchants Bank Co. gained 1.1 percent to 13.74 yuan. China Minsheng Banking Corp., the nation’s first privately owned bank, climbed 0.3 percent to 6.84 yuan. Coal Gains China Shenhua added 2.2 percent to 24.67 yuan. China Coal Energy Co., the second largest, rose 0.9 percent to 10.08 yuan. China’s benchmark coal price at Qinhuangdao port rose 2.8 percent to between 740 yuan and 750 yuan per ton, according to data released by the China Coal Transport & Distribution Association. The nation’s stocks are the world’s third-worst performers this year on concern the government’s efforts to curb speculation in the property market will dent the nation’s economic growth. The Shanghai Composite, which yesterday briefly entered a bear market after falling as much as 20 percent from the close of Nov. 23, has retreated 18 percent this year. End of Declines A correction in Chinese stocks has “played its course” and investors should consider buying shares including those of Chinese consumer companies, said Hamon Asset Management Ltd.’s Hugh Simon. “The correction has been healthy for China and for the whole stock market in the region,” Simon, co-manager of the Dreyfus Greater China Fund, said in a Bloomberg Television interview. “We are through the consolidation and some of the stocks that went into it first are probably the ones you need to look at when they come out.”Air Jordan 20 Air Jordan 21 Air Jordan 22 Air Jordan 23 Air Jordan 1.5