Re-enforcing what I said yesterday, Bloomberg published a piece one hour ago whereby JP Morgan analyst Ryan Li backs what I said (it's the first article I've seen that's positive on China); that China is poised to solve it's real estate inventory problem with a centrally planned urbanization push driven by hukou reform:
Today may see a pretty big sell off in China's equity markets if they remove their circuit breakers. Regardless of this, expect to see a structural change in sentiment towards China this year as hukou reform kicks in; it's a game changer.
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