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China stocks rally to a 9-month high after Beijing promises trade secret protection for foreign companies

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Beijing promised to prop up its economy and protect foreign companies' technology secrets in a bid to cool trade tensions with the US.

of a GDP growth target of 6 to 6.5% this year, a fresh bout of infrastructure spending and tax cuts totalling 1.3 trillion yuan .The US-China trade war has affected millions, including American soybean farmers and whiskey producers as well as Chinese electronics manufacturers and toy makers.

It continues to cast a shadow over the ongoing National People's Congress, one of China's tentpole political events. Chinese officials may be hoping that promises of government spending, tax cuts and greater openness to foreign business will lift sentiment and help to bring an end to the trade war.

"With a high degree of optimism over trade talks already baked into the markets, many will be left empty-handed if the final deal fails to mirror the heightened expectations."

 

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makes me wonder who’s selling

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 /  🏆 729. in JP

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U.S. stocks open higher on reports that U.S.-China trade deal is nearSell the market when the deal is clinched.
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