China stocks open higher after economic meeting

Chinese stocks opened slightly higher on Monday, after the government vowed to enhance quality and efficiency of economic growth next year in the central economic work conference over the weekend. The benchmark Shanghai Composite Index opened at 2,152.1, up 0.07 percent from the previous close. The Shenzhen Component Index opened at 8,545.03, up 0.17 percent from the previous close. The two-day conference, which set the tone for China's economic policies in 2013, decided to maintain a proactive fiscal policy and prudent monetary policy next year as it expected global economy to maintain a slow growth.