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China consumer stocks soar 65% as defensive ploys pay
Staples are seen as more resilient to any economic fallout from the country's deleveraging campaign
Hong Kong
IN MOST stock markets, consumer staples are a refuge from the hype. In China, they're up 65 per cent this year and everyone wants in.
An index of Kweichow Moutai Co, Yonghui Superstores Co and peers has jumped 13 per cent in the past month alone, taking it to a record
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