GREY:VMSTF - Post by User
Comment by
axegirl1on Mar 09, 2015 12:42pm
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Post# 23502718
RE:China Copper Con
RE:China Copper Con
Growth has actually been declining each year in China. 2011 - 9.3% 2012- 7.3% The copper price has declined sharply and is now stagnat. This shows the world economy is ,"sick,". China and Russia as also very close allies now, and they will "pat each other's back." While last year's growth topped the government's official target of 7.5%, China's economy is stagnating after recording revised 7.7% GDP growth in 2012 and 9.3% in 2011. Looking ahead for 2014, expansion is forecast to slow to 7.4%. "The data reinforce our view that growth is on a downtrend and we continue to expect GDP growth to slow [in 2014]," Nomura economists wrote in a research note.