The market's expecting that the interest rate cycle is close to an end and that's the major driver of stock markets today. With the rate cycle coming to an end, people in the U.S. will have more money to spend.
More Quotes from Agnes Deng:
Focusing on wireless value-added service businesses seems to be working. But this only makes up a small part of their total revenue. Mobile services still form the bulk of their business.Agnes Deng
That's the major driver of stock markets today. The rising interest rate cycle is close to an end.
Agnes Deng
Obviously people have become more confident (in) Chinese banking. People are expecting corporate governance issues are going to improve, and further improvements in risk management.
Agnes Deng
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