Showing posts with label VALE. Show all posts
Showing posts with label VALE. Show all posts

Thursday, January 29, 2015

Despite Higher Property Sales Volume, China's Number One Problem Isn't Going Anywhere

This article was first published by Seeking Alpha on January 14, 2015

By Sarfaraz A. Khan. Research Asst. Iffat Zehra

China has been struggling to fix its sluggish economic growth rate. As per PwC's estimates, last year, the country's economy grew by 7.2% -- which looks great when compared against the U.S. as well as some of the developed European countries - for China, this growth rate is, in fact, the slowest since 1990. The sluggish growth is due, in part, to the soft demand from the property sector which has been dealing with excess supply.