Markets: The Xi and Li put?

Stock markets may be betting China’s leaders will soon stimulate their economy.

Do investors want to see more bad data out of China? It seems they do. Confirmation the world’s second-biggest economy is slowing, to 7.5 per cent in the second quarter from 7.7 per cent in the first, somehow sent the Shanghai Composite Index up 1 per cent and the Shenzhen Composite Index up 2.3 per cent yesterday. Even Australia shrugged off declines in mining stocks; the sector fell 0.5 per cent, to post a 0.2 per cent gain in the S&P/ASX200 Index yesterday.  


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