A familiar sense of skepticism has reemerged in Chinese markets, with a fast fading stock rally signaling low expectations for a key economic policy meeting to deliver the kind of forceful growth stimulus pledged by authorities.
The CSI 300 onshore equities benchmark ended Wednesday’s morning session flat. The index rallied as much as 3.3% in the previous session only to finish the day up 0.7%, after China’s top leaders used the strongest language in years to signal a willingness to revive a weakening economy.
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