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IBDvalueinvestin (99.68)

China's Growth not Slowing as the 70% analysts had predicted last Fall

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February 18, 2009 – Comments (3)

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 jluo6@bloomberg.net

Last Updated: February 16, 2009 19:54 EST

 

3 Comments – Post Your Own

#1) On February 18, 2009 at 1:24 PM, DemonDoug (62.81) wrote:

um if this is the case why is DOW, DD, RIO, RTP, PTR, down so much ah who cares arguing with a cheerleader is like arguing with someone who thinks gravity doesn't exist and the world is flat.

(ps imported goods costs declined by 13% - heard that on news radio this morning.  doesn't sound like growth at all to me.  then again when you sucking down cotton candy all day long i guess every day is a magical disneyland day isn't it)

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#2) On February 18, 2009 at 1:50 PM, IBDvalueinvestin (99.68) wrote:

haha doug your the biggest cheerleader of them all.

All you do is  put this guy and that guy and any guy who goes against your doomsday scenerio.

Get this straight, DOOMSDAY is NOT COMING.

YEAH ITS BAD , I never said it wasn't but its not a DOOMSDAY SCENERIO.

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#3) On February 18, 2009 at 1:52 PM, IBDvalueinvestin (99.68) wrote:

I should buy a Devil Mask for you so you can wear it everywhere you go, your attitude is fitting.

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