My overriding impression from listening to Chinese Premier Li address the National People's Congress today (as read simultaneously by the CCTV translator) is...
John Robertson
PortfolioDirect
My overriding impression from listening to Chinese Premier Li address the National People's Congress today (as read simultaneously by the CCTV translator) is that China faces much the same problems as everyone else, namely, how to achieve a government growth objective in a market economy. Premier Li frankly admitted this was getting harder. The reaffirmed 7.5% growth objective is near the minimum needed to achieve the government's employment objective not a number that comes naturally to an economy in which the size of the service sector has just exceeded the rest of the economy for the first time. Li says he needs more efficient infrastructure, higher productivity and less government red tape. The days of edict and decree followed by the sweeping reform capable of transforming an economy are gone.
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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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