Investors shelve China assets before bigger stimulus

News Snapshot:

Investors are waiting for a big burst of stimulus from China before they make more aggressive bets on a recovery, having spent the past few months disappointed by economic data and a lack of meaningful policy response from Beijing. The country’s promising recovery early in the year has faltered so quickly that authorities have cut interest rates, but some feel by not nearly enough, and foundering confidence has analysts slashing economic growth predictions. For global money managers still in the market, patience, caution and stimulus are the watchwords for the outlook after the stock rally many hoped heralded the beginning...