China Stock Traders Move on From Plenum With Few Reasons to Buy
- Focus turns to Politburo meeting and the earnings season
- Markets caught between a rock and a hard place: Barclays
The twice-a-decade meeting pledged to make high-quality development the guiding force of the economy, a slogan that is typically used to signal a push for advanced technology that may provide a buffer against US trade curbs.
Photographer: Na Bien/BloombergThis article is for subscribers only.
A twice-a-decade conclave that’s often heralded major policy shifts in China has this time left stock buyers with few catalysts, setting back hopes of a rebound in the world’s second-largest equity market.
The so-called Third Plenum gave investors little reason to believe that the top leadership is preparing major stimulus to boost demand or arrest the property slump — which has been the bane of China’s economic troubles.