In the past few weeks the skies over Hong Kong have been uncharacteristically blue, which has led many analysts to conclude that the factories across the border in China that churn out pollution along with everything else they make, are cutting production and the economy is slowing.
No matter. The China bulls are vocal once more.
The arguments in favour of Chinese shares may shift over time. But it is hard to set aside the fact that whether the economy is strong or weak, the stock market often disappoints.
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