CHINA RAILWAY (00390.HK) News & Disclosure
    Morgan Stanley reported on China's property, infrastructure and cement sector with the following details:Despite policy fine-tuning, a partial recovery in property sales, and a pickup in infrastructure spending, we expect only moderate growth for two key FAI components: property and infrastructure. We prefer direct exposure to these two sectors rather than the high beta upstream cement.Moderate property & infrastructure inv’t growth. The policy fine-tuning, partial recovery in property sales, and pickup in infrastructure spending have revived interest in the fixed asset investment (FAI) plays....
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