from yesterday's weekend Fin Review (article from The Economist)
"....Among the giants, China is in a league of its own, with a US$2 trillion arsenal of reserves, a current account surplus, little connnection to foreign banks and a budget surplus that offers lots of room to boost spending.
Since the country's leaders have made clear that they will do whatever it takes to cushion growth, China's economy is likely to slow perhaps to 8 per cent but not collapse. Although that is not enough to save the world economy, such growth in China would put a floor under commodity prices and help other countries in the emerging world.
The other large economies will be harder hit, but should be able to weather the storm. India has a big budget deficit and many Brazilian firms have large foreign currency exposure. But Brazil's economy is diversified and both countries have plenty of reserves to smooth the shift to slower growth...." p33
---------------------------------------------------------
p8 China the key to local puzzle
IMF forecasting expansion rate slows from 11.9% last year to 9.7% this year and 9.3% in 2009
Access economics says 7.4% in 2009
JP Morgan 8.7% next year
- Forums
- ASX - By Stock
- UMC
- china keeps building
china keeps building, page-10
-
-
- There are more pages in this discussion • 3 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add UMC (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
CCO
THE CALMER CO INTERNATIONAL LIMITED
Anthony Noble, CEO
Anthony Noble
CEO
SPONSORED BY The Market Online