Sunday, December 5, 2010

Any growth in China below 8% would spark sell off.

China’s ‘Treadmill to Hell’ Is Worth Mind Game: William Pesek
Dec. 6 (Bloomberg) -- Fitch Ratings is performing a timely mind experiment: Pretend Chinese growth fell below 5 percent.
(Not that they are predicting that or anything, just to be clear)
“Any credible prediction below 8 percent would spark a huge risk sell-off,” says Simon Grose-Hodge, head of investment strategy for South Asia at LGT Group in Singapore.

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