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Global investors turn cautiously optimistic on China

Sentiment shifts after Evergrande crisis and Beijing’s regulatory assault pummels markets

Investors and analysts have started to turn positive on China, three months after a regulatory shock that led some to wonder whether the country had become a no-go zone for money managers.

HSBC turned overweight on Chinese stocks last week, predicting the country’s equity markets were nearing their lowest point and would return to growth for the first time since Beijing issued sweeping regulatory