China's $2.7 trillion stock rally lures global fund holdouts back in

NEW YORK Global fund managers who had been holding back on China are wading back in.

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The MSCI China Index has climbed 24 per cent from a January low, when worries over the Chinese economy, an entrenched property crisis, seemingly futile stimulus efforts and simmering tensions between Beijing and Washington had prompted many investors to pull back, or entirely cut, their China exposure. That is changing as an improving economic outlook and fresh government measures shore up the housing market convince more and more global investors that the worst is over.