chinese figures, page-8

  1. 2,182 Posts.
    saw on ABC business news that the energy consumption in china was also up, which adds credence to the increase of manufacturing, but also on the news on SBS tonight was a story on Chinese ghost cities.
    now those two things could be masking a general slowing in the economy as china bolsters its domestic market ( as japan did for 20 years,)building railways to nowhere, bridges to nowhere and cities with no population and nothing to bring them in
    all good for aussie resource companies if the Chinese make steel for whatever the politburos reasons.
    not sure about POG being overdone though, or the rise being based on syrias wobbles, there will be plenty of profit taking in gold miners, although that might be premature as the rises have been mediocre, (a'la Newcrest) form below 10 bucks to just above $13, but I could be too optimistic.
 
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