China Securities Journal says reform to accelerate in H2 via ForexLive

China Securities Journal front page editorial (via MNI):

• Likelihood of reform in the second half of this year following Tuesday's Politburo meeting
• Said the push to liberalize will take over now that “mini stimulus” measures helped reverse a first half downturn
• Reforms will focus on areas such as investment and financing, opening up of state-owned enterprises for non-state investment, establishment of private banks, reforming local government finance and the role of public finance
• In the absence of major stimulus, tax reform will play a big role in the second half
• Export tax rebates will be accelerated

posted via ForexLive