RBA’s Kent Says Chinese Demand for Commodities to Remain Strong – Bloomberg 02-14-13

Salient to Investors:

Christopher Kent at Reserve Bank of Australia said:

  • China’s demand for commodities will grow strongly for some time, and the slower pace still represents a large quantity of new demand.
  • The resource investment boom will crest this year.
  • A broad range of indicators indicate that China’s growth has stabilized and will improve through half of 2012 (sic.).
  • Commodity prices will gradually decline over the next few years.

Analysts expect China GDP to rise to 8.1 percent in Q1 2013.

Read the full article at http://www.bloomberg.com/news/2013-02-15/rba-s-kent-says-chinese-demand-for-commodities-to-remain-strong.html

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