The author has been described by News Ltd as an "iconoclast", "Svengali", a pollie's "economist muse", and "pungently accurate". Fairfax says he is a "Renaissance man" and "one of Australia’s most respected analysts." Stephen Koukoulas concludes that he is "85% right", and "would make a great Opposition leader." Terry McCrann claims the author thinks "‘nuance’ is a trendy village in the south of France", but can be "scintillating" when he thinks "clearly". The ACTU reckons he’s "an enigma wrapped in a Bloomberg terminal, wrapped in some apparently well-honed abs."

Friday, August 31, 2012

HSBC on China's growth expectations for next few years

Bloxham again:

Supporting our view on commodity prices is our view on China. As our Chief China economist, Qu Hongbin, has recently noted, the current slowdown in China is cyclical not structural (see 'Slowdown more cyclical than structural', 28 August 2012). The slowdown has been a result of tight Chinese policy settings last year and the developed world slowdown. Trend growth in China is still over 9% for the coming three years, in our view, and Chinese growth is expected to head in that direction later this year.