投资者报告 - 中国马年能否带动市场走出低迷-Investor Presentation-Can the Year of the Horse Pull Prices Out of the Doldrums

February 22, 2026 08:01 PM GMT Investor Presentation | Asia Pacific M Foundation Can the Year of the Horse Pull Prices Out of the Doldrums? Related reports: Can the Year of the Horse Pull Prices Out of the Doldrums? (13 February 2026) Morgan Stanley Asia Limited Robin Xing Chief China Economist Robin.Xing@morganstanley.com Zhipeng Cai Economist Zhipeng.Cai@morganstanley.com China's reflation journey in three dimensions Stage 1: Slower investment in oversupplied sectors Modest progress, but composition matte ...