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 08/11/2009
[Other]
CHINA ECONOMY
The Chinese economy is expected to have gathered steam in
October, adding momentum to the Asian recovery.
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The Chinese economy is expected to have gathered steam in
October, adding momentum to the Asian recovery. We are looking
for two milestones: Industrial output growth at the fastest
pace (+15.5%) since June 2008 before the global crisis put the
skids under Chinese factories and a positive annual change in
import figures. The latter is very much a leading indicator of
Asian growth and a good reason to keep betting on regional
stocks. Money supply will stay strong (+34.4%) and CPI will
edge toward the end of deflation (-0.4%). The big question of
the past month has been answered: China has no plans to change
its easy policy stance now.
(dayan.candappa@thomsonreuters.com) |
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