Views, Indicators, Opinions, Economy, Updates!

China 'red-hot' Economy

As Japan announced their GDP growth at 4.6% for QRT4, it still remains the 2nd largest global economy. While Japan did so, China recorded 8.7% growth in 2009.

In less than a decade China as the current world's 3rd largest economy may soon be the 2nd largest economy. It expected to expand at 11.4% by Goldman Sachs Group Inc in 2010. Only Germany is poised to be the 2nd largest world economy basing on its exports.

Recent decline in stocks and commodities were a reaction to the RRR policy announcement as a monetary tightening move to mop up some cash by its central bank.

Some other forecast for China 2010 growth worth considering:-

1. Merrill 10.1%

2. Capital Economics Ltd - 10%

3. World Bank - 9%

4. China Policy makers - 9.6%

So what is your take?

Mine is to stay on course on China and focus on our mid to long term goal.

By the way people, will there be a rally after the Chinese New Year holidays?

We'll see after the Hang Seng, ShangHai ect. markets are back from its break!

Tj