Tim Condon
Tim Condon
continue either expect exports pattern
There were no exports (growth) in 2001 either and we expect that pattern to continue in 2003,
chinese producers products range remain wide
Chinese producers will remain competitive in a wide range of manufactured products for some time.
balanced demand domestic exports falling growth inflation outcome point strong
There's been very strong growth balanced between domestic demand and exports and falling inflation - a very satisfactory outcome from the point of view, I would suspect, of the policy-maker.
although business country emphasis feels financial good impact improving lives looks markets opposed people plan seems social
Looks like a people plan as opposed to a business plan. The emphasis seems to be improving peoples lives by improving social infrastructure. I don't know if there are enough goodies to have an impact on financial markets although if the whole country feels better it would be good for markets.
economy growth investment seen welcome
While the economy is booming, the slowdown in investment growth must be seen as a welcome sign.
actions agency asset both countries drive fiscal investors markets message prices rating reacting reinforced trend
The rating agency actions have reinforced a message to investors that fiscal consolidation in both countries is a trend and will drive asset prices higher. So markets are reacting to this.