The Investment Page: China Stocks Rise

China's stocks rose for the first time in three days on Wednesday, led by power producers and health-care companies, as investors sought industries that would be most shielded against a slowdown in the economy. "The market is turning to defensive stocks with solid earnings prospects," said Dai Ming, a fund manager at Shanghai Kingsun Investment Management & Consulting Co. "The market is likely to be range bound given the government tightening."