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China’s value proposition unchanged despite weak start

Is the data that bad? No, according to Coutts, which believes the 7% tumble in the Shanghai Composite on Monday was likely sparked by profit-taking following a 2015 year-end rally in equities. “Fundamentally, nothing has changed except the dates on the calendar,” notes Rashmi Sadhwani, investment strategist at the British wealth manager. “There are also signs of stabilisation in most…

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