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Chinese financials and internet leaders worth watching, say Coutts

China’s better than expected growth figure of 6.9% is proof of stimulus measures coming into effect, say the British lender, which is retaining its China weighting with an eye on tailwinds going forward. Within Chinese equities, the bank favours H-shares (7.5x forward earnings) over A-shares (12.8x). The bank believes the former’s earnings expectations have bottomed with earnings per share growth of…

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