chinese gdp comes in at 7.5%, page-13

Most of the rest of Asia, including India, is experiencing around 5% growth...probably enough to negate much of China's downturn - and resource demand. And that is if China chooses to let this downturn accelerate...For social stability reasons they may very likely turn on the money tap again - if they feel it has dire merit - and it would be dire if they have many millions wandering around the cities unemployed - and far from home. Pretty much think the bottom has been reached for Australian resource stocks. I notice mine have been doing much better lately...seeing more green now than I have for many months...