Wall Street’s China Stock Bulls Seek Redemption After a Humbling Year
- Global banks had forecast double-digit China gains for 2023
- China’s slow, inadequate policy response took many by surprise
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For the China bulls on Wall Street, 2023 is a year to forget.
Global investment banks turned almost unanimously optimistic on the market around this time last year, only to be confounded by a 14% drop in the MSCI China Index.