Thursday, November 13, 2008

PhillipCapital Market Watch 10-16 Nov

This is a video by Phillip securities giving their views on China

Summary :

  • China heavily dependent on exports, hence with present economy slump, its economy will be affected
  • They have lifted the credit quota of banks in China and hence encourage banks to lend more. This is a better way to boost lending than decreasing interest rates.
  • Government trying to boost internal consumption in order to grow the economy
  • This is done so by lowering the housing prices and medical care, as currently these are very high, indirectly casuing their citizens to save more and spend less

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