China’s economy appears to be finally buckling under the weight of its credit binge. Despite record new credit issuance in recent months, the manufacturing sector has once again entered contraction in line with our view. Efforts to reform and rebalance are too little too late to avoid the hangover effects of past stimulus measures, and we believe that a recession is at hand, with negative knock-on effects for the freight transport sector. BMI is sticking with a below-consensus 2013 growth forecast of 7.5%. The main risk to our economic outlook remains another collapse in external demand, such as the one …
Order / Buy a copy of this report @ http://www.rnrmarketresearch.com/contacts/purchase?rname=113306.
Complete report details with Table of Contents and more @ http://www.rnrmarketresearch.com/china-freight-transport-report-q4-2013-market-report.html.
No comments:
Post a Comment