Morgan Stanley’s Chief China Economist Robin Xing says policymakers probably see China’s equity market as an "excitable dog on a very long leash" with policy guardrails needed to rein it in, as authorities grow increasingly worried about the speed of the rally. Speaking on "Bloomberg: The China Show," he explains why he thinks household deposits may not flood into equities as expected, and why only stronger policy support can truly reflate the economy and sustain the rally.
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