Some of the Apple (AAPL, quote) food chain names saw pop last night as China Mobile (CHL, quote) posted a notice on their website (which they later removed) they would be taking preorders for iPhones from 12th Dec. Smartphone demand is massive in China but just not sure this is the market for Apple.
Clean sweep on the China data this week as last night’s Industrial Production and Retail Sales were solid.
China Exports inspire a short term rally but let’s keep enthusiasm at a minimum and understand the big picture.
Out of the China Plenum comes headlines that are market grabbing. The one that has the highest interest is their claim they will loosen the one child policy.
Emerging market stocks rise the most in two months amid China’s pledged to increase private investment in its new economic policy changes.