Business

China Stocks Power Ahead as Losses in Global Equities Deepen

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“Not cutting rates for now is a reasonable move given that China is not in a rush to do it,” as recent economic figures were not very bad, said Castor Pang, head of research at Core Pacific-Yamaichi International. “Investors are waiting for a slew of measures to keep pushing up the market, from property to auto market incentives, rather than just a single cut.”



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