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China’s stocks rose for a third day as a pick-up in the property market helped the nation’s service industries expand at a faster pace and speculation grew the government will further ease monetary policy.

 

China Vanke Co. led a gauge of property developers to the biggest gain in three weeks, as the China Securities Journal reported the central bank may make cutting lenders’ reserve ratios the top choice for increasing liquidity. Liquor maker Kweichow Moutai Co. (600519) rose 5.4 percent after Citigroup Inc. recommended an overweight allocation on consumer companies. Sany Heavy Industry Co. paced declines for machinery stocks on concern the economic slowdown is hurting construction activity.