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Beijing’s policies to stabilise growth should be “sufficient”, says UBS

Beijing’s policy makers should be able to keep China’s economy and fiscal condition on course in spite of shaky market conditions, says the global chief investment officer of UBS Wealth Management. “Bottom line,” notes Mark Haefele, “risks related to China, and, most recently the European banking sector have driven a sharp sell-off in risk assets year-to-date… We believe these concerns are legitimate, but…

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