China needs growth of 1.82% a quarter to meet its 7.5% annual target
John Robertson
PortfolioDirect
China needs growth of 1.82% a quarter to meet its 7.5% annual target. According to China's National Bureau of Statistics today The quarter-on-quarter growth of GDP in 2013 and the first half year of 2014 were 1.6 percent, 1.8 percent, 2.3 percent, 1.7 percent, 1.5 percent and 2.0 percent respectively. Happily, the average over the last six quarters is 1.82%. That is a well managed economy. Meanwhile, investment in fixed assets (excluding rural households) of 21,277.0 billion yuan grew 16.3% after adjusting for price changes. Sales of consumer goods totalling 12,419.9 billion yuan grew 10.8% in real terms. There is not much sign here of restructuring. The investment side of the economy remains pivotal to China meeting its growth target and continues to bolster global raw material markets.
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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 strategist and investment market professional for over 30 years after starting his career as a Commonwealth Treasury economist in Canberra. Since being Australia's top-rated commodities analyst and chief economist at one of Australia' leading stockbroking firms, he has advised companies across the mining, consumer products, IT and biotech sectors on their equity market relations. He leads the firm's investment evaluation and security structuring activities on behalf of the Australian Small Scale Offerings Board (ASSOB), the world's first equity 'crowdfunding' investment platform. John Robertson discusses the interaction of mining and investment markets in his weekly 'From the Capital' column in Mining Journal.
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John Robertson
PortfolioDirect
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...
Expertise
No areas of expertise
John Robertson
PortfolioDirect
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...
Expertise
No areas of expertise
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