The Southern winter ~ Northern summer edition of the Westpac-BREE China Resources Quarterly (CRQ) has been released today. The CRQ is the primary reference point for public and private sector decision makers seeking to understand developments in the Chinese economy, with reference to its demand for resources.
The Chinese economy grew at a rate close to, but slightly below its potential in the first half of 2014, supported by easier fiscal policy, firmer exports and the conclusion of the negative phase of the short run inventory cycle.
Commodity prices continued to exhibit softness in Q2 2014 but contrary to popular belief, lower prices have been driven largely by increased supply rather than any material change in demand. This has been exemplified by
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