big buy order, page-22

"Subject: An upward revision to China's real GDP growth forecasts for 2009
An upward revision to China's real GDP growth forecasts for 2009 by the World Bank should be positive for AUD when London trade

opens up. The World bank has revised up China's expected GDP

grwoth from 6.5% to 7.2%. The risk is AUD test 0.8000 later

today. The IMF currently has China growing at 6.5% this year.

The additional risk is that the IMF also revise up China's real

GDP outlook given teh clear improvement in China's economy

since the start of the year."


This means that they will need more oil and commodities