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Coronavirus recovery: China’s prudent monetary policy shows where smart money is

Part of the art of investing is knowing what the crowd will do before the crowd itself knows, and acting accordingly. China’s economic rebound from Covid-19 may still be uneven, but the green shoots of recovery are evident and the People’s Bank of China has been shrewd in its policy moves.The investing crowd may decide China is again the place to focus on. Industrial production in China, a measurement of manufacturing and mining output, expanded by 4.8 per cent in July on a year-on-year basis…

Read the original article at South China Morning Post

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