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

11 Aug 2017 (AFR) – China’s markets show reforms starting to work

(11 August 2017, AFR, p31, by David Millhouse)

‘These are heady times in the markets for Chinese commodity futures and listed industrial shares. Large industry leaders such as Aluminum Corp of China Ltd, or Chalco as it’s known, have risen more than 50 percent recent months. Angang Steel is up some 30 percent in the same period. How sustainable this rally is will rest on success of China’s supply-side reform agenda. If implemented forcefully, it does have the potential to structurally improve the outlook for several cyclical industries, reduce pollution, and lower the risks of non-performing loans to the banking system.’

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

Advertisements

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.

Discussion

No comments yet.

Leave a Reply

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

WordPress.com Logo

You are commenting using your WordPress.com 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: