An article from Chinese Premier Li Keqiang published in today's China Daily sounded remarkably similar to what a leader of any of the world's larger economies might write. He talked about avoiding excessive fluctuations in growth, innovation, the impact of quantitative easing in the advanced economies, the importance of the service sector as a job provider and fiscal reform. Premier Li has reiterated 7.5% as the lower limit of sustainable growth in part supported by a market of 1.3 billion people 100 million of whom will move from the country to the cities over the next decade. Growth in consumer demand will be fostered by the roll out of broadband and investment will focus more on energy conservation, environmental protection and railway projects.
John Robertson is Chief Investment Strategist for PortfolioDirect a provider of resource sector investment stock ratings and portfolio strategies for mining and oil and gas investors. He has worked as a policy economist, corporate business...
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