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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: RealMuLan who wrote (15092)	11/8/2004 12:47:24 AM
From: RealMuLan	Read Replies (1) \| Respond to of 116555

Wholesale Interest in Chinese Retailing More Personal Income Will Raise Consumer Outlays, Gartmore's Ehrmann Says By Lu Wang Bloomberg News Sunday, November 7, 2004; Page F04 Philip Ehrmann, whose Gartmore China Opportunities Fund rose 14.7 percent during the past three months, is boosting his investment in Chinese retailers such as Wumart Stores Inc., anticipating that China's will remain the world's fastest-growing economy in 2005. A rise in personal income in China will stoke consumer spending and spur profits at electronics stores and supermarket chains, said Ehrmann, 45, in a telephone interview from his London office. The economy probably will expand 7.5 percent in 2005 after growing 9 percent in 2004. By contrast, the global economy is expected to grow 4.3 percent next year, according to the International Monetary Fund in Washington. washingtonpost.com