scathing view of credit suisse on oz housing, page-39

  1. 12,085 Posts.
    seroberro

    'prosper...you do realise that china said "no more thanks" and thats why the mining boom is over, don't you?'

    When did China say that? Seems they were only taking a breather. China doesn't have many fat ladies who can sing...lol

    Might be worth speaking to India, Russia, Brasile and S Africa to see if they were told to end their growth strategies by the expert world economists like Suisse.

    "China has increased spending on rail projects this year as the government sought to revive growth in the world’s second- biggest economy. The National Development and Reform Commission, the nation’s top economic planner, earlier this month approved a 63.7 billion-yuan ($10 billion) subway construction plan in Changsha city, Hunan province."

    "China’s central government invested a lot this year in rail to revive economic growth,” said James Chung, a Shanghai- based analyst at Masterlink Securities Corp. (2856) “Fixed-asset investment can boost growth quickly.”

    Link
 
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