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kel3

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kel3

Re: choateandharvard post# 2081

Sunday, 09/16/2012 4:30:09 PM

Sunday, September 16, 2012 4:30:09 PM

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Bloomberg: Wen Growth Pledge Lures Back Janney Montgomery

9/16/2012

Janney Montgomery Scott LLC is advising investors to buy Chinese equities for the first time in two years on prospects Premier Wen Jiabao’s pledge to boost investments and monetary stimulus will support growth in the world’s second-largest economy.

The Bloomberg China-US Equity Index (CH55BN) of the most traded Chinese shares in the U.S. completed the biggest weekly advance this year, buoyed by the latest U.S. Federal Reserve steps and Wen’s comments last week that China still has “ample strength” in either monetary or fiscal domains to propel growth. Economic growth decelerated for a sixth time in the second quarter, expanding 7.6 percent, the slowest pace in three years.

http://www.bloomberg.com/news/2012-09-16/wen-growth-pledge-lures-back-janney-montgomery-china-overnight.html
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