摩根斯坦利中国经济报告及策略告(pdf 10)
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点击下载Conclusion: The Sino-US trade deal is a positive
beyond the textile exporters. We think a positive trade
outlook and resource price pull-back should benefit
Chinese downstream equities, provided that pricing
power returns. If the government exercises greater
investment discipline, which is still unclear, we should
see a bottoming-out of the Chinese ex-energy equity
market in 2006.
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