Investors’ optimism over China’s economic recovery fades on back of underwhelming data

Pickings in the stock and bond markets of the world’s second-largest economy remain slim. PHOTO: REUTERS
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SINGAPORE - Nearly six months after China lifted all Covid-19-related curbs, investors are still waiting for the strong economic rebound they had assumed the policy pivot would unleash.

The much-vaunted recovery in lockdown-free China has thus far fallen short of expectations, underscored by data released earlier this week by China’s National Bureau of Statistics.

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