UBS: China ain’t recovering as foreseen | MacroBusiness

David Llewellyn-Smith quotes UBS:

A normalisation of commodity demand in China seems further away post our trip. Our expectations for a sequential acceleration in infrastructure build do not align with insights on the ground. The 13th Five Year Plan makes it clear the emphasis to 2020 will be on services, consumption, ‘new economy’ sectors and cleaning up the environment. The emphasis has shifted to quality of growth and living standards, not quantity. This presents a challenging commodity demand outlook.

Source: UBS: China ain’t recovering as foreseen – MacroBusiness

One thought on “UBS: China ain’t recovering as foreseen | MacroBusiness

  1. grahamdcox says:

    They are so slow .
    .

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s