New radia tapes released !! check outlook magazine site. Is the govt cornered ? Monday will again be a blood bath ?
Add to it the news that China might increase its increase rates today.
China's Inflation Fight May Widen as Growth Withstands Tightening Measures
Chinas economic data for November showed growth is withstanding government curbs and extra measures may be needed to tame the highest inflation rate in more than two years.
With both inflation and growth figures surprising on the upside, Beijing can and will focus on fighting inflation whole- heartedly, said Qu Hongbin, an economist at HSBC Holdings Plc in Hong Kong. An immediate increase in rates is likely and lenders reserve ratios may keep climbing, Qu said.