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23 Feb 2015
Quest for "the China dream - BBH
FXStreet (Guatemala) - Analysts at Brown Brothers Harriman noted conditions surrounding China's economy from this week's calendar.
Key Quotes:
"China’s February PMI readings will be reported this week. The risk is on the downside."
"The economy is in a transition and growth has slowed. This should not be exaggerated."
"Chinese officials appear to believe that within reason, this slowing is acceptable and "natural" given the labor force dynamics. It also allows a catching of the collective breath and reducing some excesses as it continues its quest for "the China dream" (doubling GDP and GDP per capita between 2010 and 2020)."
"From a global point of view, even assuming 6.75% growth this year, China will contribute about $660 bln to the world economy. This still outstrips the US. Making a generous assumption of 3% growth this year, the US economy will contribute around $520 bln to the world economy."
Key Quotes:
"China’s February PMI readings will be reported this week. The risk is on the downside."
"The economy is in a transition and growth has slowed. This should not be exaggerated."
"Chinese officials appear to believe that within reason, this slowing is acceptable and "natural" given the labor force dynamics. It also allows a catching of the collective breath and reducing some excesses as it continues its quest for "the China dream" (doubling GDP and GDP per capita between 2010 and 2020)."
"From a global point of view, even assuming 6.75% growth this year, China will contribute about $660 bln to the world economy. This still outstrips the US. Making a generous assumption of 3% growth this year, the US economy will contribute around $520 bln to the world economy."