China’s stocks rose today, bringing up the benchmark index rebound from a three-year record low, this was steered by government statements that it will boost railway infrastructure investment and forecast economic growth will pick up in the second half, citing a Bloomberg report.

CSR Corp. (601766), the nation’s biggest train maker, advanced the most in a week after the railway ministry increased its planned spending for this year by 9 percent. China Vanke Co. (000002) and Poly Real Estate Group Co., the largest real estate developers, gained after a Shenzhen government agency said the city may allow individuals to borrow against their provident funds to buy first homes. Citic Securities Co. led a rally for brokerages after the Ministry of Commerce said China’s economy will gain momentum.

China’s benchmark Shanghai Composite Index increased 13.23, or 0.62 percent, to close at 2161.19, while Shenzhen Component Index edged up 19.14, or 0.20 percent, to finish at 9560.03.

Across sectors, shares of brokers rallied, finance index related equities soared with the news of real estate developers, boosting the uptrend and recovery of the market. Cyclical stocks echoed the rise, seeing auto, cement, and coal sectors jumping, while defensive stocks dropped, with industries such as brewerys and pharmaceuticals leading the fall.