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Mainland Chinese stocks that have been lagging behind their offshore peers are starting to regain their lustre, with turnover at a 10-month high fuelling optimism that a long-awaited bull market may be around the corner.
Lockdown fatigue and fear of a mostly non-lethal virus has left China’s entrepreneurial class discouraged, hurting the people needed to achieve national goals.
A rebound that added US$1.3 trillion in value to Chinese onshore stocks over the past two months may be facing exhaustion as new hurdles emerge, money managers say.