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Tuesday, April 23, 2024

Chinese stocks will struggle against persistent economic and market headwinds, and any recovery will be sluggish despite policy support from the government, UBS says

Chinese stocks are unlikely to swing sustainably higher as rising COVID infections offset the impact of the government’s efforts to push against the slowest economic growth in years, said UBS Global Wealth Management. The firm outlined recent efforts by Beijing to support the world’s second-largest …

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