Chinese economy growth
2012-04-13 15:23:40
Major indices rose yesterday reacting to rumors that Chinese economy will show significant growth. Unfortunately those rumors were not confirmed today as report released stated slowing down of growth to the 3-year low. The annual GDP growth reached only 8.1% compared to 8.3% forecast. Slowing growth of Chinese economy might trigger decline in share prices during Friday trading session.
AgroInvest comment: we assume decline of growth is temporary and overall annual numbers will indicate higher results. Such assumption is in line with current government policy of China, which is active in looking for new investment targets (including Ukraine and Eurozone) and is expanding towards emerging markets, indicating growing demand.
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