The bull stocks to back in China

CHINA

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Elaine Tse, senior investment research analyst at Wells Fargo Asset Management, lists the sectors investors can still benefit from as China rebalances its economy.

After a decade of double-digit growth, China has seen its growth levels drop significantly. Second quarter gross domestic product growth slowed to 7.5% from 7.7% in the first three months of 2013 and further deterioration is projected for the second half of the year. Structural reforms have lagged. Monetary policies are not supportive, and liquidity is flowing out to developed markets that are showing signs of recovery. Industrial output growth is dipping below 9%, fixed asset investment growth has cooled to below 20%, and even retail sales growth is struggling to stay in the teens. ...

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