Chinese shares surge as govt reassures growth target

Chinese shares closed higher on Monday after a spokesman from the National Bureau of Statistics said the Chinese economy has demonstrated obvious signs of stabilizing and China will realize this year's growth target.

The benchmark Shanghai Composite Index surged 1.90 percent, or 39.02 points, to end at 2,096.47.

The Shenzhen Component Index rose 2.06 percent, or 168.29 points, to finish at 8,334.57.