The IMF said today that analysts should watch China's lending growth rate rather than GDP to gauge the state of the Chinese economy although GDP growth should...
John Robertson
PortfolioDirect
The IMF said today that analysts should watch China's lending growth rate rather than GDP to gauge the state of the Chinese economy although GDP growth should be kept well above 7%. In launching its Asian outlook report in Hong Kong, Fund executives expressed confidence that excess lending can be curtailed using existing policy tools. They drew on their recent meetings with Chinese officials to conclude that policymakers are very aware of what needs to happen. Borrowing growth running at more than 13% a year even as output growth has decelerated to a annualised rate of less than 6% in the first quarter of 2014 signals growing excess capacity or inefficient use of investment funds. The IMF also observed that stronger growth in USA and Europe should assist exports from the region. Asian developing economies are growing more strongly than developing economies elsewhere.
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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...
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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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