China's growth rate of 8% (if you believe that, I have a bridge to sell you) will be challenged in the coming months. is China forecast about to change?
News during Feb 2013
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The WSJ reported that China is to pull cash from banks to stem inflation. China CPI compared to most of the western world respects food inflation a great deal. History in China tells us that food inflation has been the source of many conflicts.
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Aussie miner BHP half year profits to Dec 2012 are down 57%, Ouch. Profits have been trending down for the last 18 months.
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Copper is trending sideways. China is the largest importer of copper in the world.
Enough said.
Where is the Chinese demand that will overcome the demand lost from Japan, Europe and US?
The Asian region (China and Japan) have a very bearish outlook for 2013. No wonder the AUDUSD (cheerleader of risk on) is looking to roll over.
Will Mr Marc Faber be correct with his call of 'global recession in 2013', not sure yet, but it sure is warming up.
