Replies to post #7533 on The Rising Influence of Rising Affluence

[DewDiligence]

…while price increases averaged between 18 and 20% year-on-year in China's biggest cities, in some parts of the country prices had risen by just 6%.

The word some in the above excerpt should be changed to most. Outside of Shanghai Beijing, Guangzhou, and possibly one or two other large cities, the real estate market is considerably more muted.

[DewDiligence]

IMF raises 2014 GDP growth forecasts slightly:

http://www.bostonglobe.com/business/2014/01/22/imf-raises-outlook-for-global-and-economies/RV8y74Qe9EDk5qiDMQ88RL/story.html

In an outlook released Tuesday, the global lending organization forecast that the world economy will grow 3.7 percent in 2014 and that the US economy will grow 2.8 percent. The global forecast is 0.1 percentage point higher and the US forecast 0.2 point higher than the October forecast.

The IMF’s 2014 growth forecasts for China and the EU are 7.5% and 1%, respectively.

Also please see #msg-96168698 regearding the (declining) likelihood of a “hard landing” in China.