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Stocks climb on "misinterpreted" 3G report Shares in local telecom firms jumped yesterday on a report the State Council had approved a plan to launch 3G services, which analysts and officials said could be a misinterpretation. China Unicom, the nation’s second largest mobile carrier, closed at 12.29 yuan in Shanghai yesterday, up 8.82 percent. ZTE Corp, the nation’s second biggest phone-equipment maker, gained 4.39 yuan, or 7.4 percent, to 63.69 yuan.