This week, the Chinese government unveiled a slew of stimulus measures to boost its economy and get national GDP to an annual growth target of 5%.

Beijing’s pledge to support capital markets and economic growth targets also helps lift European stocks and metals prices

The last week has been a “whole shift” from the Chinese government as it brings out the “big guns” policy-wise to support growth, hedge fund billionaire David Tepper told CNBC’s “Squawk Box” on Thursday morning, adding he’s buying “everything” he can get his hands on tied to Chinese equities.

Shares of Hermes, Richemont, and LVMH soared this week on hopes China's new stimulus will lead to more spending.

Chinese stocks rallied to their best week since 2008, spurred by stimulus measures and investor optimism. The CSI 300 Index soared 15% this week.

Chinese equities are on track for their best week since 2008 after Beijing launched an economic stimulus package including a $114bn war chest to boost the stock market. The CSI 300 index of Shanghai- and Shenzhen-listed companies is up 14.

Chinese property stocks and metal prices also rally after stimulus measures aimed at faltering economy. Good morning, and welcome to our rolling coverage of business, the financial markets and the world economy.

By Stella Qiu SYDNEY (Reuters) -Chinese stocks raced toward their best week since 2008 and helped lift Asian shares to 2-1/2-year highs after Beijing rolled out a huge stimulus package to revive the economy,