Goldman Sachs forecasts for China:
"We have raised our real GDP growth forecasts for 2009 and 2010 given that 1) policy stimulus has been more aggressive and 2) the domestic demand response has been stronger and has occurred earlier than we originally forecasted. Our new forecasts predict real GDP growth of 8.3% in 2009 (versus 6.0% previously) and more importantly, to reach 10.9% in 2010 (up from 9.0%), significantly above consensus We expect above-trend growth in 2010 to be largely driven by stronger investment growth, especially from private investment."
The Goldman Sachs report is available by clicking here.
One more reason to be bullish for a long-term investment in the iShares FTSE/Xinhua China 25 Index Fund ETF (ticker: FXI). See my previous post of April 11.
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