Hong Kong took an 8% run today.....it seems it is expecting some positive drivers from the annual Central Economic Work Conference being held from today till Wednesday which will set the tone for next year's economic policy. This three-day event spells out how the Government will use its huge stimulants to bolster employment and domestic demand.
China is determined to reduce its dependence on exports and thus stay ahead of the declining Western Economies.
This three day Conference will announce already decided new growth strategies but make it appear as a "consensus" decision.
China is determined to grab this opportunity.
Expect some BIG new announcements( building on already known huge injections)..which Hong Kong already has wind of!!!
The West seems ignorant of these internal Chinese processes .