#China’s economic shift faster than initially thought – #BHP

CEO #AndrewMackenzie told the #BMO Capital Markets conference, in #Florida, that while #China’s economic growth slowed as it matured, the composition of the economy had changed more quickly than initially anticipated, with the services sector replacing an investment- and heavy industry-driven economy. “The strength of the service sector creates employment, which allows acceleration of important structural reforms, including of State-owned enterprises. In the near term, as industrial overcapacity is reduced, this will further constrain demand for commodities.

Read more at: http://www.miningweekly.com/article/chinas-economic-shift-faster-than-initially-thought-bhp-2016-03-01

One comment

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

w

Connecting to %s