Asian Stocks Trade at Two-Week High After China Reforms
Asian stocks held at a two-week high after China vowed to carry out the broadest expansion of economic freedoms since at least the 1990s.
China’s move to increase private investment “will be positive for equities,” said Evan Lucas, Melbourne-based market strategist at IG Ltd. “You will no longer have a straight-out or almost pure monopoly and there will be more competition.”
I was in Moscow recently, the amount of construction is incredible and everyone spoke about going into business and being so glad the government monopolies were going away. Stalin would turn in his grave.
I think Hong Kong has taken over China, all for the better.