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“Disconnect” between Chinese equities and domestic economy in 2H18: Nomura

Nomura Holdings expects a “disconnect” between Chinese equities and the domestic economy in the second half of 2018 when a downturn economy will coincide with a robust share market. Ting Lu, Nomura’s chief China economist, said the relatively strong economy in 1H18 was predominantly driven by the depreciation of the RMB. However, as the currency is expected to strengthen, “exports, the major…

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