Thursday, Mar 05, 2009
China - better days ahead?
Investment Postcards: China - better days ahead?
China’s improved PMI numbers, together with the additional stimulus package, probably mark a trough in the GDP growth cycle. Will China’s command economy come to the rescue of the Western world? Time will tell, but there are rays of light, not least of which is a bullish-looking Chinese stock market.
Posted by prieur du plessis @ 10:00 AM (189 views) Add Comment
1 Comment
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1. stillthinking said...
I think China are biding their time, waiting until the US accepts that the only way to repatriate the Chinese reserves is to sell strategic industries. Perhaps everybody has noticed that the US are desperate enough for dollars to begin printing, but at the same time certain sales would be automatically blocked. Remember the fuss about the port on the eastern seaboard?