Beijing
“Sun Worldwide” believes that China is setting a floor in the prices of raw materials as its stockpiling of copper continues apace.
The Asian-based investment house says that it is a distinct possibility that China is using the relatively low price of base metals both to acquire the raw materials to develop its infrastructure and to diversify its huge foreign currency reserves away from the US dollar.
A source close to analysts at “Sun Worldwide” said that the consensus among them is that China will almost certainly obtain its growth objectives for this year
“Sun Worldwide” are also thought to believe that as the economy resumes its upward trend, the economies of its Asian trading partners will also benefit thereby paving a way for the Asian region to lead the global economy out of its recession.
“Sun Worldwide” is convinced that the absence of government and individual indebtedness will allow the nation to experience the much-coveted V-shape recovery rather than the L-shaped version likely to be experienced by Western economies.
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http://www.prlog.org/
