China Stocks Fade Gains as Stimulus Fails to Ease Investor Worries Over Weak Growth, Property Woes
• China's stimulus measures briefly lift stocks, but gains fade as risks remain • Investors concerned about geopolitics, weak economy, property struggles, deflation • CSI 300 index gives back some gains; investors looking past new lending rules • Fundamentals still weak - manufacturing likely to contract again, profits fell in 2022 • China faces "twin disappointment" of weak growth and policy doubts