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By Lionel DE BROUX, Chief Investment Officer Jade Marie BAJAI, Investment Strategist, Banque Internationale à Luxembourg
Chinese stocks have surged this year, posting double-digit gains, even as the broader economy struggles with a prolonged real estate downturn, weak consumer sentiment, and lingering deflationary pressures. While we know that markets are forward-looking, often responding to early signs of stabilisation before hard data confirms a durable recovery, the disconnect is still quite striking. For investors, the question is what lies beneath this rally, and can it sustain?
Institutional forces
What...
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