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Chinese stocks have rebounded sharply, becoming the world's best performers after a significant surge of 9.75% since the February 2nd low, a turnaround from their previous position as the worst. This recovery, now clearly evident, has been driven by aggressive policy support from Beijing, leading to notable rises in key stock indexes. However, investor optimism is cautious, mindful of the market's volatile history and ongoing economic challenges. The rally, fueled by state interventions and regulatory adjustments, faces future uncertainties tied to policy decisions, though the current low valuations offer potential investment opportunities.