BHP confident on strength of Chinese economy

In its results presentation the resources group said it believed the policy settings of the Chinese central government pointed to a commitment to maintain economic growth above 7 per cent. ”We remain confident in the short to medium-term outlook for the Chinese economy,” BHP said. ”In a relative sense, the Chinese economy continues to grow strongly with signs that it is rebalancing. ”Consumption continued to be supported by higher household incomes while fixed-asset investment softened, led by the property sector, as the central bank restricted access to credit.

Read more here: SMH


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