Citywire printed articles sponsored by:
View the article online at http://citywire.co.uk/wealth-manager/article/a651908
China on brink of bull market as growth accelerates
by David Campbell on Jan 18, 2013 at 10:27
Bank of America Merrill Lynch’s China economist Ting Lu said he expected annual GDP growth to peak at 8.3% in the first half of 2013, before slowing again to 8% over the second.
‘Pro-growth policies will be extended into 2013, and big-bang stimulus will be avoided unless there is another global financial crisis,’ said Lu
‘Within the year, policy will likely be marginally tightened towards 2H on concerns of rising inflation and home prices, investment overheating and financial system risks. We expect no rate changes in 2013, and the People’s Bank of China will aim to deliver a stable interbank rate.’
News sponsored by:
Today's top headlines
More about this:
Aberdeen Live supplement: Fundamentals point to ongoing flows and solid returns from EMD
After a record year for inflows and market-leading performance in 2012, emerging market debt has taken a large step towards the mainstream. Our recent debate covers the outlook for the asset class this year and where opportunities can be found.
On the road
by Dylan Lobo on Jun 19, 2013 at 09:33