Here's Why The Shanghai Market Went Ballistic Today
What happened?
Basically a regulator talked about a allowing tons more investment in the domestic market.
Hong Kong newspaper the South China Morning Post reports:
Speaking at the Asia Financial Forum in Hong Kong, Guo said China could lift the investment quotas by a factor of 10.
Meanwhile, on the real economy side of things, there was a very nice reading in Chinese electricity consumption, which correlates nicely to GDP. Per Nomura (which made the chart below) electricity consumption in "secondary industries" grew over 7% year-over-year, which is a strong sign.
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