(Bloomberg) -- China's stocks advanced, set to complete a record monthly gain, after Angang Steel Co. and Anhui Conch Cement Co. reported higher earnings and JPMorgan Chase & Co. raised its economic growth forecast for the nation.
``A large number of companies have reported good earnings for the first quarter,'' said Fan Dizhao, who helps manage about $1.8 billion at Guotai Asset Management Co. in Shanghai. ``It's almost certain that the 2007 earnings will rise 30 to 40 percent for all listed companies as the economy keeps growing.''
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