China Is Strong & Growing, Says Macquarie, Citing One Hot ProvinceMark Melin
China is strong, a Macquarie Research piece proclaims, with the potential for 15% to 20% further upside potential in an oversold stock market. What is driving the strength is exactly what some analysts said was the cause for slowing: infrastructure spending. But to make a judgment on the overall economy, the report points to only one hot region.
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