China hard landing worries resurface

Investor sentiment on China has deteriorated markedly this month in a sign that concerns over the country's growth expectations have returned to equity markets. China’s CSI 300 index staged a short rally from the end of last year, rising more than 30% to nearly 2,880 points at its mid-February peak, only to fall back by nearly 10% to 2,500 points by yesterday. In the latest Bank of America Merrill Lynch fund manager survey, respondents globally rated a hard landing in China as t…