Shares close higher on release of development target

Chinese shares closed higher Tuesday as key economic targets were released in a report on China's 2013 development plan submitted to the ongoing first session of the 12th National People's Congress.

The benchmark Shanghai Composite Index increased 2.33 percent, or 52.9 points, to end at 2,326.31.

The Shenzhen Component Index gained 2.21 percent, or 201.6 points, to 9,341.35.