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HSBC upgrades Chinese airline stocks 

An Air China passenger plane and a China Eastern one pass each other on the tarmac of Beijing Capital International Airport in Beijing, China Tuesday, May 25, 2021.

Feature China | Barcroft Media | Getty Images

Fresh outbreaks in China, new lockdowns and flight cancellations have taken a toll on Chinese airlines. Stocks of carriers have plunged — and HSBC says it’s time to buy.

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