China on the march, again

As the U.S. stock market tosses and turns, sustainable growth — both in corporate profits and economic output — seems far off. In China, on the other hand, recovery already seems to be a reality: Real estate, auto, and industrial sales have all bounced back that year, driving stocks on the Shanghai exchange up 50% since February. The velocity of the Chinese rebound surprised the World Bank, which recently increased its estimate for the country’s GDP growth that year from 6.5% to 7.2%. Jing Ulrich, J.P. Morgan’s Chinese equities strategist, thinks that figure is still too low. “China can still achieve 8% growth,” she says. “Everything is happening very fast there.”

Original post by Technology news - Business 2.0 Magazine