China's Growth not Slowing as the 70% analysts had predicted last Fall
now only 23% analysts expect China's growth to fall from 70% just a couple of months ago.
The continued growth is really good news for industrial chemical companies which were harshly effected to the downside by talk of China's growth slowing last fall. So what does this mean? In my opinion it means that as the worldwide economies fall, people are going to more and more cheap goods from China. Just like people started shopping at Walmart instead of Saks Fith Avenue, Macy's, or Lord & Taylor. People are switching from German, Swiss, French, USA made products to cheaper Chinese made products to save money.
China’s Loan Growth May Surge in Feb., Securities News Reports http://www.bloomberg.com/apps/news?pid=20601208&sid=a0Ydi15hZ7BY
By Luo Jun
Feb. 17 (Bloomberg) -- China’s loan growth may continue to surge this month, the Shanghai Securities News reported, without citing a source.
New lending picked up again last week from the first week of February when the growth slowed because of the nation’s weeklong Spring Festival holiday, the report said, without providing more details.
China’s new loans rose by a record 1.62 trillion yuan ($237 billion) last month and money supply expanded at the fastest pace in more than a year, the central bank said last week. Everbright Securities Co. expected banks to offer 400 billion yuan to 600 billion yuan of new loans this month.
To contact the reporter of this story: Luo Jun in Shanghai at email@example.com Last Updated: February 16, 2009 19:54 EST