Fears over China''s shaky financial system, overvalued property market and huge industrial overcapacityhave been replaced by hopes that policymakers can engineer a recovery back above the 8% level. Wemaintain our view that the prospects for H113 look relatively bright. However, there may be some negativesurprises in store as the recovery comes up against the country''s structural hurdles. As such, we areforecasting real GDP growth of 7.5% in 2013, versus the Bloomberg consensus of 8.1%.The recent improvements in the state of the economy are likely to support the ongoing expansion of China''sfood and drink industry. As tastes and preferences continue to evolve and the ...
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