Bargains begin luring big banks back to China bets for 2023


Source: reuters.com reuters.com

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Summary Summary Companies Consensus building about China's recovery prospects Less agreement about investment decisions; but bulls regrouping Citi, Goldman, BofA analysts are positive HONG KONG, Dec 5 (Reuters) - As Chinese assets whipsaw around hopes and fears over the country's path out of the pandemic, big offshore investors are slowly leaving the sidelines as they plot a cautious return to one of the year's worst-performing equity markets. The drumbeat of bullish outlooks has grown a bit louder over recent weeks as analysts at Citi, Bank of America, and J.P. Morgan upgraded recommendations, and said re-opening can lift consumer-exposed stocks that...