China has already had a growth downturn and bottomed (Q3 of 2024) and is, at least for now, reaccelerating (with higher inflation). Of course, that may not last more than a few months. But one thing looks clear to me - as long as governments every where keep increasing the money supply, then prices pressures will remain.
I think it's actually quite positive for the AUD (especially as it looks to me at least that aust growth has also bottomed - yeah thats bad news for the property junkies needing a rate cut).
WGX Price at posting:
$3.11 Sentiment: None Disclosure: Held
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