 The news that Morgan Stanley has switched to bullish on China stocks for the first time in 2 years is all over the place today. Multiple positive developments alongside a clear path set toward reopening warrant an upgradeWe are at the beginning of a multi-quarter recovery in earnings revisions and valuationsMS have upgraded their MSCI China to overweight previously qual weightedSay RoE is likely to gain to 11.1 by the end of 2023--... 