Financial markets strengthened in Asian session as China released reform details and investors expected the Fed to extend stimulus. The China government released on November 15 the details of a reform package addressing 16 areas with 60 major initiatives across almost all the areas. It is expected that tax reform, interest rate liberalization and adjustment to the one-child policy would likely to be executed in 2014.
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Sentiment Lifted as China Released Reform Details, Fed may Extend Stimulus
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