Friday, 13 April 2012

'JP MORGAN: China's Slow Down Was Expected, Here's Why Growth Will Heat Up In The Second Half Of The Year...'


China's GDP growth rate slowed to 8.1 percent, which was well below economists' average estimate calling for 8.4 percent growth.

However, JP Morgan's Jing Ulrich isn't too worried. Ulrich is chairman of global markets for China.

"We were looking for 8.2 percent," said Ulrich in an interview with Bloomberg Television this morning. "Considering the headwinds China is facing in exports. Considering the slowdown in China's property sector. The 8.1 percent was in line with expectations."

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