
A worsening earnings picture is darkening the outlook for Chinese equities, leaving investors wary that Lunar New Year holiday spending may not be enough to reignite a rally.
Corporate profit pre-announcements have shown a “major deterioration” for the last quarter of 2025, a Morgan Stanley analysis shows. The latest economic indicators underscore weak consumer demand as some government stimulus programs are scaled back, according to Nomura Holdings Inc.
www.bloomberg.com
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