While much of the trading world was taking a holiday on Friday an item from China.
A report that leaders within China's ruling party have decided to focus less on stimulus and more on structural reforms to the economy. Thinking the economy has a little more breathing room now that earlier stimulus efforts are having a positive impact.
The initial report in Western media was at the WSJ and its since been picked up elsewhere. The information is light, not much to it but its a bit of a weight on China-proxy trades. And on the Chinese stock markets.
Something to take note of.
There is a bit of a cycle at play in this, economy looks better focus shifts towards reforms, economy falters, stimulus comes back.
