Friday 08 Oct 2021 | 12:24 | SYDNEY
Friday 08 Oct 2021 | 12:24 | SYDNEY

China economy by the numbers


Malcolm Cook

19 May 2009 11:07

Late last week, I received a copy of a 15 April report on the Chinese economy by JP Morgan's Jing Ulrich. The spread of the data in this 'hands-on' report is quite impressive and certainly helped me get a better grip on how the Chinese economy and its demand for things Australian is faring. A few highlights:

  1. As we predicted here last October, demand for imported coal has stayed quite strong.
  2. China’s demand for imported iron ore may soften in the coming months.
  3. The Chinese government is stockpiling oil reserves.
  4. Second and third-tier Chinese urban areas, aided by the stimulus package, are now growing significantly faster than the coastal export powerhouses. Ironically, the GFC may help China achieve its goals for wealth redistribution discussed in an earlier Lowy paper on China’s initial responses to the GFC.