More Records Smashed In Hong Kong As China Data Emboldens Bulls

Here's what we said on Sunday evening about the Thursday data deluge out of China: As usual, “stability” and “resiliency” will likely get tossed around a lot once the data hits, barring some kind of oops moment that finds Beijing forgetting to fudge the numbers. For what it’s worth, consensus on the GDP print is +6.7% Y/Y. Well, China didn't forget to fudge the numbers and sure enough, they came in just as expected with a slight bias towards beating. To wit: China’s Economy Grows 6