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China market still drawing bearish views

Strategist cites bad debt woes, profit-taking and regulatory policies to control leverage

Singapore

CHINA stocks got a respite on Tuesday after five straight days of declines, but Bank of America strategist David Cui remains bearish.

Other than debt indicators flashing red, profit-taking and a shift in the government's attitude will keep stocks from rallying, he told The Business Times in an interview on Tuesday morning.

"The market will most likely go down in the next couple of months ... Before early December, the government was encouraging people to buy stocks. Since then, various regulators...

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