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Morningstar bullish on Chinese banks and credit recovery

Morningstar is positive on Chinese banking equities in the midst of dichotomous monetary policymaking, with lenders worldwide expecting  varying levels of profitability. The American researcher is largely optimistic about the Chinese banking system, backed by lowering risks in both the real estate market and the shadow banking system. Between 2010 and 2013, real estate prices grew 7-8% per year whereas…

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