The writer is founding partner of Gavekal Dragonomics
Chinese equity markets have had a wild ride. Major indices surged by more than 30 per cent in the two weeks following Beijing’s September 24 economic stimulus announcement. They then fell back on fears that the stimulus might fall short.
Most likely, the markets will regain momentum once the Ministry of Finance reveals details of new fiscal spending at a press briefing on Saturday. Which sentiment is closer to the truth: euphoria or despair?
您已阅读11%（497字），剩余89%（4067字）包含更多重要信息，订阅以继续探索完整内容，并享受更多专属服务。