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UBS places India on neutral; upgrades China
A Reuters report has said that Plenum reforms will likely cause China to outperform Asia ex-Japan for the next few months.
"We still like India - our thesis of weak capex equals higher return on capital still holds. But it is a longer-term theme and for now we believe a Chinese re-rating is likely to steal the limelight," UBS said in a report.
GoodReturns.in
Story first published: Monday, November 18, 2013, 10:39 [IST]
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