Some interesting China chatter from the Asian session

Rumors abounded overnight that China is trying to keep the economy from cooling to rapidly. Here are a few:

• Talk they will delay exit from the stimulus package
• Talk they will delay the introduction of the property tax
• Talk the PBOC will delay tightening liquidity further

No great reaction from the risk trades, one way or the other. There was talk of EUR/AUD selling overnight, for what its worth…