2010 Will Test The Investment Model

Macroeconomic data and official policy rhetoric coming out of China continue to support our bullish short-term, yet cautious medium-term, view of the economy. November retail sales, fixed asset investment (FAI), and industrial production - the three major activity indices we look closely at - all continued to show solid rates of expansion, while increasing import and exports volumes continued to signal that economy is booming once again. In addition, the latest purchasing managers' index (PMI) puts to rest any doubts that the Chinese economy is suffering from a post-credit crunch hangover. The

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