Sunday, October 22, 2017

Headline of the Day: Communists Acting Like Capitalists

What reducing trade restrictions can do for a stock market:
Shanghai Plan to Lift Trade Barriers Sends City Shares Soaring(Bloomberg) -- Traders are snapping up stocks with Shanghai in their name after the city’s Communist Party chief confirmed plans to set up a free trade port that would aim to ease restrictions for incoming cargo. Eleven of the top 20 gainers on the city’s equity gauge were companies whose names begin with the word Shanghai and all 11 surged by the daily limit. 
The empirical evidence is overwhelming that the countries most open to trade sport the healthiest markets, and, ultimately, the healthiest economies.

1 comment:

  1. And has chairman Xi Jinping approved this plan? Trump may discover that we are left out in the cold as he isolates us.