Despite the recent consolidation in China's stock market, UBS remains optimistic about its economic outlook and maintains preference for Chinese and emerging market stocks, the bank said in a note.
The upcoming earnings season, which is expected to provide new catalysts, will likely confirm the recovery momentum of some companies' profit, it said.
Consumption and infrastructure investment will support the economy, and with the support of policies such as targeted subsidies, domestic consumption and investment are expected to rebound, with retail sales likely to grow 7% this year after a . . .
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