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8% GDP growth for China

I’ve been saying China GDP will hit 8% back in earlier January.  That’s what the analysts in Wall street don’t understand, strong political will and cash is the key to success, ha, see GS is catching up. From my broker.

 

GS just raised today China GDP growth forecasts to 8.3% (from 6.0%) for 2009 and 10.9% (from 9.0%) for 2010, saying they believe policy stimulus has been more aggressive than anticipated and the domestic demand response has been stronger than expected as evidenced by a dramatic pick up YoY in fixed asset investment.