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Morgan Stanley and Goldman Sachs bullish on China's stock market recovery
Morgan Stanley has raised its targets for several Chinese stock indices, noting a potential earnings turnaround after 13 quarters of misses. The MSCI China Index has gained 16% this year, driven by tech advancements and a more favorable government stance, with fourth-quarter earnings showing an 8% net beat. Analysts recommend being overweight in A shares and suggest buying high-quality stocks on dips for non-US investors.
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