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Nomura believes the worst in China is yet to come, but Citi PB sees a silver lining

Nomura believes that “the worst is yet to come” in China, but agrees that Beijing’s policy shift to easing could be the proverbial light at the end of the tunnel. For its part, Citi thinks that reining in the property sector may yield economic and investment benefits. More pain in store Beijing’s property curbs have led to a rapid slowdown…

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