Last week, the market sentiment for Chinese stocks (FXI) (CQQQ) was boosted by favorable PMI readings whether from the official survey or the privately compiled Caixin one. The Caixin China Composite PMI data covering both manufacturing and services indicated a "solid increase" in total business activity across China in November. The Composite Output Index posted an increase to 53.2, rising from 52.0 in October, the highest rate of growth in 21 months.
According to Dr. Zhengsheng Zhong, Director of Macroeconomic Analysis atCEBM Group, progress in the trade talks