China’s stocks rose for a fifth day on Monday, continuing their longest stretch of gains in two months thanks to a services gauge that rose for the first time since March, Bloomberg reported. Shanghai Friendship Group (600827.SHA) and Chongqing Department Store (600729.SHA) paced a rally for retailers, jumping more than 4%. Dairy producer Inner Mongolia Yili Industrial (600887.SHA) climbed 3.1% after the government halted imports of milk powder from Fonterra Cooperative (FCG.NZE). The Shanghai Composite Index rose 1% to 2,050.48 at the close. The confidence was attributed to the first rise in the non-manufacturing Purchasing Managers Index in four months.
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