Saturday, November 15, 2008

China is smiling and growing

China maybe growing slower at the moment but don't factor too much slowdown in. They have stayed out of the sub-prime mortgage business that is destroying banks in the West. China will not be able to sell as much overseas as before, but they will create enough demand within the country to keep growth at 8% or 9% a year. Not as fast as in past years, but still a strong rate of growth. And Australian producers are in the frame. Why do I think this?...research and chats with operators in H.K. And they have the West on a credit line.

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