Monday, October 20, 2008

RBA Chief acknowledges China's growth path

The RBA chief in a talk in Sydney today commented "But even if it slows a lot, it will pick up again in due course and will probably grow pretty strongly, on average, over many years."
This is in line with the growth figures out of China at the weekend. Not sure that a 9.9% continuing growth is any cause for concern The drop in commodity prices has more to do with the antics of Hedge Funds rather than the real economy.

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