Wednesday, 29 May 2013

China Freight Transport Report Q3 2013

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China Freight Transport Report Q3 2013
May 29th 2013, 00:00

BMI is sticking with a below-consensus 2013 growth forecast of 7.5%. The main risk to our economicoutlook remains another collapse in external demand, such as the one that occurred at the height of theglobal financial crisis. This would seriously undermine growth in trade-dependent industries and hasten afall in the property market, potentially leading to an outright recession. Despite current stability in theglobal economy, China is at risk from its huge trade imbalance with the US. The bilateral surplus that Chinaruns with the US continues to balloon. Should we see a rise in the personal savings rate in the US, this couldtrigger a sharp drop in consumer goods import...

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