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Strategies & Market Trends : Greater China Stocks

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From: Julius Wong	10/19/2011 7:59:54 AM
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OCTOBER 19, 2011 Demand at Home Aids China Growth By AARON BACK BEIJING—Chinese growth data suggest a nation that has long relied on exports is getting more help from domestic demand—a potential positive for the global economy as Europe grapples with its debt crisis and U.S. growth sputters. Chinese third-quarter gross domestic product was up 9.1% from a year earlier after 9.5% growth in the second quarter, slightly below analyst expectations of 9.2% growth. Still, the growth rate was generally welcomed by economists who saw it as evidence that China can guide its economy to a soft landing as it tries to quell inflation without seriously hurting growth. It also offered a sign that China's domestic demand is partially making up for softening appetite for China's exports. That could leave China in a better position to weather moderate drops in exports, which have hit its economy hard in the past. It could also mean that China will remain a crucial support for global growth, as its rising consumption feeds demand for raw materials and other goods from around the world. online.wsj.com

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