Please click the link below to view Shane Oliver’s views on the current state of the economy in China.
Key points raised are:
- Chinese economic data is off to a soft start this year.
- There are reasons for optimism that growth this year will still come in around 7%. Monetary policy is easing, the Government is alluding to more stimulus and the threat from the property slump is receding a bit.
- While a re-run of last year’s 50% gain is unlikely, Chinese shares remain attractive.
- Slower Chinese growth isn’t a major threat to Australia. The main dampener on commodity prices is supply.
