You are viewing:-
you're reading...
1.Market Observations, 8.Was Sticky

13 Oct 2016 (AFR) – Signs of Chinese pick-up open way for more reform

(13 October 2016, AFR, p12, by, Lisa Murray, Angus Grigg)

‘Double-digit growth in car sales, the first pick-up in rail freight volumes for almost three years and an upbeat speech from Premier Li Keqiang has set the scene for better than expected Chinese data due out next week. As China’s leadership sounds increasingly confident on the economy, which they believe has “stabilised”, there are also early signs of movement on the government’s long awaited reform agenda. In recent weeks Beijing has announced a plan to reduce corporate debt levels, forced the merger of two steelmaking giants and allowed another to slip into bankruptcy, in a sign it is finally beginning to tackle industrial over-capacity.’

Read more at (might need AFR login access, or try: /trial)


About robertbrain

Brainy's Share Market Toolbox. Read the honest truth about the sharemarket. Develop or fine tune your investing/trading strategies using share price charts (technical analysis), or learn about the investment strategies of others. Melbourne (Australia) based - supporting share market investors and traders to build wealth through smarter investing using my Share Market Toolbox arsenal of weapons to tackle the market.


No comments yet.

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: