China has reached a turning point, reckons Chris Tang

In the last five weeks sentiment has improved in China and there is no longer much talk about hard landings, according to Chris Tang, CIO of Marco Polo Pure Asset Management. Liquidity and policy factors have superseded global and domestic fundamentals. It’s China’s "short term [period] of honey", she believes. Pointing out that People's Bank of China (PBoC) bond interest rates have been dropping lately, she says authorities have begun to relax their liquidity policy and are sta…