UBS Investment Bank has raised its forecast for economic growth in China this year to 4.6%, from 4.4% previously.

UBS says it expects China's property market to stabilise in the coming months, which will help support household confidence:

  • "That should support continued post-Covid consumption recovery along with the economy and labor market, though at a slower pace"

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Earlier today:

BY almost every measure Chines stocks are cheap, really cheap.

But, this guy:

keynes