Still bullish on China

Swine flu, Swine flu, why are you coming at the wrong time ? There are quite a lot of stock indices approaching resistance or fast approaching 200-day moving average. With or without Swine flu everyone needs an excuse to pause. So, let it be, let it pause. While pausing, I have got news for you.

Goldman, CLSA, Barclays, UBS, RBS are bullish on China. GDP growth will reach 7 - 8%

(Bloomberg)“This is a dramatic rebound,” said CLSA’s research note. “China has the resources needed to keep GDP growth in volume terms high for 2009 and 2010.” It estimates growth will reach 8 percent in 2010.

Goldman Sachs’ forecasts are higher than some other economists, who have also increased their growth expectations for China. Barclays Capital last week raised its estimate for economic growth this year to 7.2 percent from 6.7 percent, while UBS AG lifted its forecast to as much as 7.5 percent from 6.5 percent.

Royal Bank of Scotland Group Plc’s estimate rose to 7 percent from 5 percent, and Merrill Lynch & Co. expects growth of 8 percent for 2009.

http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aUnSHaqsTGx0

I know this mean nothing to a lot of people. Perhaps this will excite you: Goldman Sachs raised stock target :

CSI 300 -- old: 1,980 New: 2,600

Hang Seng China Enterprise Index -- old: 8,900 new: 10,300

http://www.bloomberg.com/apps/news?pid=20601089&sid=atc3LTH_TQo8&refer=china