China's Biggest Reforms in over Two Decades

[Rambo35]

Earlier today classified Chinese data was leaked about their economic reforms which sparked a big rally in Chinese equities. The reforms are the broadest reforms since 1990 and should they indeed be implemented I think it will be a positive for the Chinese economy and therefore support the global economy.

In my opinion the Australian Dollar as well as New Zealand Dollar could see the biggest positive impact as they heavily rely on the Chinese expansion for their own economic growth.

 

[Pharaoh]

I'm always wary of "leaked" government data from any government. These often turn out to be exaggerations or else trial balloons.

 

[amysmith81]

Me too, these so called leaked out government data, has their own agenda, we never know the full story is, all we hear is noise... for me i see them as distraction, injecting fear to people, they panic and make wrong decisions

 

[Rambo35]

I'm always wary of "leaked" government data from any government. These often turn out to be exaggerations or else trial balloons.

That is true, but by the same token most officially released government data should not be trusted either. Leaks or official, they tend to move markets and I look at releases for that sake. I hardly ever trust the doctored data any government releases.