Chinese local governments should make better use of state-owned assets, such as houses, land and cars, in order to help plug the gap between fiscal revenue and expenditure, the Ministry of Finance said.Liu He had a widely-discussed editorial calling for supply side reforms: 刘鹤人民日报撰文:把实施扩大内需战略同深化供给侧结构性改革有机结合起来Hong Kong shares jumped 5 percent and A-shares more than 2 percent with more rumors of reopening. These two hotpot chains sport higher lows. The emerging market ETF will open up near the gray line this morning. Since everything is tied together, it still all boils down to the U.S. dollar. Copper is up 5 percent today, crude oil 4 percent for the same reason as the above. Will the Federal Reserve ease policy if the CPI reverses and goes vertical on a China reopening? Or are we headed for 10 percent interest on 30-year mortgagesFWIW, I'm looking for a reversal in the stock market today because none of these moves are good for U.S. equities. Short-term anything can happen though.Local governments should conduct a thorough inventory of the assets that they occupy and use to make sure that they are being used efficiently, such as through the sharing, swapping, leasing or selling of these resources, and that none are lying idle, the ministry said in a document released yesterday.
Ford Loses $132,000 on Each EV Produced, Good News, EV Sales Down 20 Percent
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Ford (F) reports a huge loss on every EV. Sales are down 20 percent holding
the losses to $1.3 billion.
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