The Chinese Communist party does not celebrate Christmas. But it does consider the holiday a good time to try to bury bad news.
Most infamously, on Christmas Day 2009 a Chinese court sentenced Liu Xiaobo, the country’s only Nobel Peace Prize laureate, to 11 years in prison for allegedly “inciting subversion”.
This year the awkward event might be an economic one. The trading days just before or after Christmas, which falls on Sunday, could be an opportune time to let China’s currency break through the key threshold of Rmb7 to the dollar.
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