China comes roaring to a slow quarter growth of 11.5%

A big headline in the Wall Street Journal today declares "Slower China Growth Suggests Peak is Past." That is as silly a headline as The World is Coming to an End. I don't know what the journalist (Andrew Batson) was drinking, but China's growth in the second quarter was 11.9% and 11.1% in the first quarter. We should all be so lucky as to have quarters like that -- including this last one. Give us a break, Andrew Batson, and start reporting responsibly.

A big headline in the Wall Street Journal today declares "Slower China Growth Suggests Peak is Past."  That is as silly a headline as The World is Coming to an End.  I don't know what the journalist (Andrew Batson) was drinking, but China's growth in the second quarter was 11.9% and 11.1% in the first quarter.  We should all be so lucky as to have quarters like that -- including this last one.  Give us a break, Andrew Batson, and start reporting responsibly.

 

Sure, China's bubble will break at some point.  But this quarter's results do not forecast anything except that China is still growing at an extraordinary rate.  With third quarter growth at 11.5%, it is likely that China has a good deal of time to go before its "peak is past."  I for one believe that investments in China will continue to return handsomely throughout 2007 and well into 2008.

 

So next time you are looking for a story, Bartson, look for something that makes sense.  You can't talk China down with results like this.  I plan to continue to take long positions aggressively, especially FXI.

 

If anyone wants to read this silly article:

http://online.wsj.com/article/SB119327789410170873.html?mod=todays_us_page_one

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