Citi estimate knocking 1% off US GDP will knock 1.3% off Chinese
Chinese motoring around 10% pa, suppose there is a slowdown to 5-7% I would say that's highly favourable for commodities especially given size of Chinese economy has doubled in past 5 years or so.
Chinese think inflation is under control and are going for growth. The ball is rolling it will continue to gain momentum. Then we have Indians, most of whom don't yet have electricity.
Wall Street fears dominate because US analysts can't fathom the earth turning without them.
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