Analysts at UBS have detailed how to play a volatile Chinese market in the short term. "Under our expectation for further policy support that will be both effective and rolled out promptly, Chinese equities remain most preferred within our Asia strategy," the bank's analysts said in an Aug. 25 note to investors. "Key policy-related items to watch for include actual implementation of policies, especially in property easing, consumption stimulus, private sector support, and plans to resolve local government financing vehicle (LGFV) debt issues," the analysts wrote. UBS recommended that investors hold on to "recovery beneficiary sectors," such as the internet…