Financial Standard Comments - Wen Confucius meets Sun Tzu Why oh why would PM Wen announce this reduced growth target and decreased dependence on exports now? https://www.financialstandard.com.au/feed/latest?story=12726830 Tue, 06 Mar 2012 14:53:10 +1100 Tue, 06 Mar 2012 14:53:10 +1100 en-AU Copyright 2026 Financial Standard 5 Comment by Darryl Gobbett () More confusing tactics for the markets to get their knickers twisted:
"China will make the floating exchange rate regime more flexible and keep the RMB basically stable...: "
Prudent money supply? "The broad money supply is projected to increase by 14%."
Inflation of 4.5% plus growth of 7.5% means falling velocity. This when non-govt investment will be encouraged in the finance sector et al.
"... an end to blind expansion in industries such as solar energy and wind power." along with " China will safely and effectively develop nuclear power."
By the way, little of the growth rates or focus is new. It is a reiteration of 5 year plan released a year ago. I can't see why any of it comes as new news to anyone born before 2010.

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]]> Darryl Gobbett () Tue, 06 Mar 2012 14:53:10 +1100 Comment by Lucie Andrews () Great article. Though ridiculously hard to read because of these advertising mini banners mid text, the most disruptive thing I have seen in a while!

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]]> Lucie Andrews () Tue, 06 Mar 2012 15:20:15 +1100