according to economist Paul Cavey.

SINGAPORE - China's stocks have "corrected enough" and investors should consider buying equities as the probability of a hard landing for the economy is "not that high", according to BofA Merrill Lynch Global Research.
The Chinese government may also be reluctant to tighten monetary policy further on concern the European debt crisis may spread, BofA strategists led by David Cui wrote in a report.



The nation's equities are Asia's worst performers this year on the prospect China will step up measures to contain inflation and tame asset bubbles. The Shanghai Composite Index lost 6.4 percent last week, its fifth weekly drop. The gauge has slid 18 percent this year while the Hang Seng China Enterprises Index,doudoune moncler, tracking H shares in Hong Kong, has retreated 11 percent.

European policymakers on Monday unveiled an unprecedented loan package worth nearly $1 trillion and a program of securities purchases in a bid to stop a sovereign-debt crisis that has threatened to shatter confidence in the euro.
Stocks to buy


The People's Bank of China has ordered lenders to set aside more deposits as reserves three times in 2010. The government also imposed a ban last month on loans for third-home purchases and raised mortgage rates and down-payment requirements for second home purchases to curb housing prices.

Related readings:
 China stocks stage rebound from eight month low
 China stocks ETF short sales rise to 2-yr high
 China stocks plunge to eight month low
 Equities rebound after bears go into hibernation
BofA doesn't expect a "collapse" in China's property market given the amount of savings, income growth, expectations for inflation and a possible easing in tightening should the market weaken "too much", according to the report. "Broad" monetary policy remains accommodative even as the government cracks down on property, the strategists said.

European loan

Governments of the 16 euro nations agreed to make loans of as much as 750 billion euros ($962 billion) available to countries under attack from speculators after the currency declined to a 14-month low and bond yields in Portugal and Spain soared.
Bloomberg News

Shougang Concord Technology Holdings Ltd,moncler, Zijin Mining Group Co and Industrial & Commercial Bank of China Ltd (ICBC) are among stocks rated "buy" by BofA analysts and that are trading at near or below their 200-day lows,Moncler sito ufficiale, according to the report.

Shougang Concord, a maker of electronics components and electrical and telecommunications equipment, has lost 14 percent in Hong Kong trading this year. Zijin,Giubbotto Moncler Uomo, China's largest producer of gold, has dropped 19 percent while ICBC,Moncler outlet, China's largest lender,giubbotti moncler, has retreated 14 percent.
Howard Wang, head of the China team at JF Asset Management, said on May 7 Europe's debt crisis may force China to reverse its policies. Macquarie Securities Ltd also predicted that China is likely to reverse policies cracking down on the property market because they will put the nation's 8 percent economic growth target for this year at risk,moncler quincy, according to economist Paul Cavey.


"The weakness in recent days caught us a little by surprise,moncler quincy pas cher," the strategists wrote. "The question for us is whether a hard landing is indeed on the cards. At this stage, although we cannot rule out the possibility, we consider the probability not that high."
相关的主题文章：


which has busted an Iranian spy network

the Mayfair and the Camden

There is awareness among the Mizrahis


UNITED NATIONS, Jan. 6 (Xinhua) -- UN Secretary-General Ban Ki-moon said here Wednesday that "Afghanistan will remain one of our main priorities in 2010," and the relations between Afghanistan and its international partners "must be reevaluated."