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China Disappointed Over Rejection From Global Index

China has voiced its objection and disappointment with a decision to not include Chinese shares in a prominent global benchmark index for emerging markets, arguing that without the world’s second largest economy, the index is “incomplete.” But analysts and the New York-based index provider MSCI have noted that continued resistance by China to further open its markets and questions about whether it will press ahead with much needed reforms remains a key concern. Unique emerging...

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