A big market rebound across the board after China’s commerce ministry announced that vice ministerial-level trade talks with the U.S. would be held on Jan. 7-8, as the two sides look to end a bruising dispute. The development was bolstered by positive data from China’s services sector, with Caixin’s services PMI jumping to a six-month high of 53.9 in December. Chinese Premier Li Keqiang also flagged further policy easing, while the PBOC cut banks’ reserve requirement ratios for the fifth time in a year.
*Source: Seeking Alpha
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