Ongoing strong outlook for China, according to Macquarie
Macquarie hosted its 2008 China Commodities Conference last week and has provided a summary of some of the main presentations from the week. Most speakers highlighted the ongoing strong outlook for the Chinese economy both in the short and the medium term with little impact being felt from the US slowdown; in fact, domestic demand in construction appears to be slightly faster than last year. It was felt that the negative impact from the earthquake in Sichuan will be minimal and that it should be slightly positive for 2009 demand as a result of rebuilding. (more…)
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