Rory Green, economist at TS Lombard, said China was always happy to give ground on the trade deficit, intellectual property, and foreign exchange—major components of the deal. Chinese media was characterizing the pact as an “equal deal,” noting the foreign inflows that will now come into China. “China equities are set to rally higher as the sentiment of the Party and wider populace improves, the economy continues to stabilize, and stimulus starts to come through,” Green added.
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