ANZ is out with a quick note on China’s Central Economic Work Conference.
In short China is going to build more, while rebalancing and driving slowly towards internal consumption with market-based reforms and liberalization.
Sounds like an economic miracle to me, and not far removed from the promises of the last 5 years. So it probably means they’re just going to build more stuff.
ANZ China Quick Reaction – 17 December 2012
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