Strategist says this is the trade to watch if China is really turning around

News Snapshot:

Mainland Chinese stocks are trying to rebound from five-year lows and it's starting to look like Beijing is willing to take some action. At least, that's the view of Clocktower Group's Chief Strategist Marko Papic. He told me on last week he thinks Chinese stocks could see a short-term rally of 10% or more in coming days, based on a Bloomberg report of Chinese President Xi Jinping potentially meeting with financial regulators. But what Papic is watching in the markets is a move higher in Chinese government bond yields. "One of the best trades for Chinese assets has been to...