Here’s a tidbit from the China Daily to follow up on the Merrill Lynch post below:
Lian Ping, chief economist of Bank of Communications, China’s fifth largest commercial lender, said Sunday that the Chinese economy is expected to pick up speed starting from the second quarter this year.
The Shanghai-based bank predicted China could register a gross domestic product (GDP) growth of about 8 percent this year.
“Judging by some economic indicators, the Chinese economy is getting out of the toughest period,” Lian told reporters at a press conference.
Whatever else happens, and however bad things seem to be, I’d be willing to put down a good chunk of cash (ok. 10 renminbi) that the final GDP figure for 2009 will be …..8 per cent exactly!