Goldman Sachs have revised their view on the outlook for China and are now expecting a rosier outlook than they had forecast 12 - 18 months ago

Goldman Sachs have revised their view on the outlook for China and are now expecting a rosier outlook than they had forecast 12 - 18 months ago. Dion Hershan, head of Australian equities, says that a granular analysis of Chinese data indicates the underlying levels of demand remain very strong for a lot of commodity intensive industries. Chinese fourth quarter and GDP data is due out next week and will be a focus for the markets looking for a reading on GDP outlook for 2014. But Hershan said his team was less focused on Chinese GDP numbers. In a weird sense the more granular the data becomes, the more reliable it becomes. Let's not focus on GDP, let's focus on those industries that, for example, consume steel and try to form a view on where they sit. (VIEW LINK)


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