China rates have jumped significantly from the bottom as the PBOC stopped cutting policy rates and the economy continued to recover.
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It is unlikely for Washington to end its other “special treatments” for Hong Kong because it hurts the Americans even more.
China’s A-share listed firms suffered significantly at the beginning of 2020 because of the COVID-19 pandemic.
Local governments are ramping up subsidies on cars and housing while Beijing is not delivering a big-bang stimulus.
