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Templeton's man in China predicts 20% stock rally as panic fades

Economy will bottom out in the first half and the yuan will stabilise, he adds
Wednesday, March 2, 2016 - 05:50

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A man tries to snatch 100-yuan banknotes inside a glass cage during an event in Hangzhou. The PBOC has been trying to restore stability to the yuan after outflows hit a record pace in recent months.

Hong Kong

THE worst is over for Chinese stocks after panicked investors caused the world's deepest sell-off, according to Franklin Templeton's money-management unit in Shanghai.

The US$5.3 trillion market will rebound as much as 20 per cent in the "short term" as economic growth

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