Monday, November 24, 2008

China's continuing growth gets headlines

I have been very positive on the continuing growth of China and have previously commented on the very powerful stimulus package the Chinese government has been strategically rolling out.
The investments that the Government is also making outside China are a clear indication that China is confident that growth will continue. It is executing a careful plan to buy up supply and in so doing will have a major say in supply prices.

Now it is encouraging to see Black Rock Investment agreeing.News wires are reporting that UK-based Black Rock Investment, which has $US1.26 trillion ($A1.93 trillion) of assets under management, is stating that China is starting to recover from a downturn after the introduction of stimulus packages.Summaries of these strategies have been posted here on DeepLode.
"I do think we are starting to see the green shoots of recovery and also confidence coming back with regards to people's outlook for the Chinese economy," BlackRock portfolio manager Evy Hambro is reported as saying.
He further suggested that these green shoots are the beginning of the resurgence of the bull market.
As I have been saying..the long march continues and don't be left short on Australian resource juniors.

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