woensdag 24 september 2014

Commodities Will Be Hit By China Slowdown

I have bad news for commodity fans. China is indeed slowing down as power consumption has reached sub-zero year over year growth in August 2014. This means that China GDP growth will be sub 6% as the correlation suggests on chart 2.


Chart 1: China power consumption growth
Chart 2: Power output growth Vs. GDP growth

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