Goldman: China Reflation Will Not Lead To Economic GrowthRupert Hargreaves
We are seeing reflation in China but will it lead to any real growth? Probably not, says one big bank.
The reflation theme has been a key driver of equity market returns over the past six months. Nowhere is this trend more apparent than in China where the industrial sector has been reflating strongly, with PPI running at over 10% on an annualized basis.
Broadly speaking, this could be good news for upstream industries, where pricing power and profits have been sharply boosted by restrained supply . . .
This content is exclusively for paying members. Access all of our content on including years of timeless investment news and in depth analysis for only a few dollars a month by signing up here while also supporting quality content and journalism, or learn more about our premium content here
If you are subscribed and having an account error please clear cache and then cookies if that does not work email email@example.com and we will get back to you as quick as humanly possible