China’s Third Plenary Session earlier this month delivered reforms that have recently been elaborated upon.
Historically, China’s Third Plenum, an annual meeting of the ruling Communist Party, has often ushered in radical reform. By contrast, the meeting’s conclusion yesterday brought only a vague statement.
China’s third quarter GDP growth rebounded to 7.8% year-on-year, having decelerated to 7.5% year-on-year in the last quarter.
Recent scaremongering by market commentators on the state of the Hong Kong property market is just that.