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Markets Give Up On The China Reopening
Market Depth
The PBOC Stimulus Measure in the Near-Term Will Not Revive the China Reopen Sentiment
A widely expected PBOC stimulus measure in the near term would likely not revive the China reopen sentiment that we had going into this year. Just because they cut rates or inject further liquidity doesn't mean it'll actually prop up the actual economy itself, let alone spur growth. So in my thinking of the moment, that's why I'm saying that the trade might be just to wait out and just wait for the anticipated stimulus to come.
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