09.07.2013 - Copper at risk, gold to benefit from a Chinese hard landing – Barclays
Like the white noise from household electronics that is only noticeable in its absence during a power failure, so the global commodities sector has got used to double digit growth from China. While there is no doubt that Chinese growth has slowed, initial panicked reaction from markets about this slowdown was replaced by the recognition that, while it is slowing, 7 – 8% is still very respectable. According to a new note by Barclays, however, recent tightening in liquidity conditions, weaker business confidence and slowing growth have increased the likelihood of a hard landing, albeit a short-lived one, for the Chinese economy...............................................Full Article: Source
Print