I posted on the note from UBS briefly yesterday, following the announcements from China on Tuesday. Adding a little more now. The analysis highlights a positive shift toward a more accommodative policy stance, though it falls short of the significant stimulus measures seen in past years that drove sustained market rallies. According to the note, monetary easing alone is unlikely to break the ongoing deflation-deleveraging cycle. Instead, it calls for greater fiscal intervention, suggesting that additional stimulus could arrive in October through a budget revision, particularly if third-quarter GDP remains significantly below the 5% target.In the context of China’s equity markets, the analysi
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