China has raised its reserve requirements. So what?

Friday’s Hong Kong headlines were ablaze with the news that the People’s Bank of China, China’s central bank, had raised the banks' reserve requirements by a sweltering 0.5%. What should the investor make of this? Sell - or buy? We just have updated The Economic Clock™ http://www.enziosclock.com/money/thoughts/2007/09/06_0 for China, complete with secto…