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China Reform Winners Consumer, Healthcare Stocks; Losers, Big Banks

China's mass consumer, healthcare and non-banking financial counters may well be the early winners in the country's stock markets this week after Beijing promised the most sweeping economic and social reforms in nearly three decades. Equity market investors are likely to cheer a plan to increase private ownership in state-owned enterprises, but the longer-term prognosis will likely vary across sectors. The big losers could well be the “big four” state banks, ICBC , China...

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