Shanghai share index rallies to 12-month high following quarterly economic data indicating growth upswing

China’s stocks climbed for a second day, sending the benchmark gauge to a one-year high, as the economy grew at a pace topping analysts’ estimates, strengthening evidence of a firmer recovery in full swing.The Shanghai Composite Index rose 0.3 per cent, or 9.52 points, to 3,263.12 at the close on Wednesday, finishing at the highest level since March 22, 2018. Carmakers paced the gains on expectations that the government will unveil plans that will ease license controls and encourage the…

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