HONG KONG: China’s policy response to a slowing economy may come too late, and its stock market hasn’t reached a bottom yet if history is any guide, according Bank of America Merrill Lynch (BoA).
“Similar to in 2011 or 2015, it’s possible that China’s stimulus policies may stay behind the curve this time,” analysts including head of China equity strategy David Cui wrote in a note. “As a result, growth may continue to disappoint.”
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