Fortescue Ltd (FSUMF)

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China's economy will likely expand 8.3% in 2012 to stand out among the world's largest economies, credit-ratings firm Standard & Poor's forecast in a report. The economy will beat Beijing's own lowered forecast of 7.5%, fueled by "local governments' penchant for growth and policymakers' increasing support to small and midsize enterprises," S&P said. Even so, potentially adverse developments in the European Economic and Monetary Union and the Middle East could threaten the mainland's expansion, S&P cautioned.

Copyright © 2012 MarketWatch, Inc.


Read more: http://www.foxbusiness.com/markets/2012/03/14/china-gdp-forecast-to-grow-83-in-2012-sp/#ixzz1p61Fe6td

Very Good For Iron ORE exports for FMG