Important data: A man walks by the Year of the Ox statues in Beijing. China’s latest results season has assumed greater significance as it could offer clues to how the global earnings recovery is taking shape. — AP
BEIJING: A surge in corporate profits in China may just be the positive catalyst global stock markets need as rising bond yields threaten to derail the rally in equities.
Having powered its way out of the coronavirus lockdown to become the only major economy in the world to grow last year, China is also seen taking the lead on earnings recovery from the pandemic.
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