Charles
On Mon, Aug 12, 2013 at 7:14 AM, Marv Gandall <marvgand2 at gmail.com> wrote:
>
> On 2013-08-12, at 9:27 AM, c b wrote:
>
>> Marv Gandall wrote:
>>> Emerging World Loses Growth Lead
>>> Global-Trade Decline Dulls Developing Markets as Outlook Brightens in More-Established Economies
>>> By ALEX FRANGOS in Hong Kong, SUDEEP REDDY in Washington, and JOHN LYONS in São Paulo
>>> Wall Street Journal
>>> August 12 2012
>>>
>>
>>
>>
>>> Many emerging-market economies remain the world's fastest-growing, even if they aren't expanding as quickly as before. Beijing's official full-year growth target of 7.5% would make this year the slowest since 1990, still far surpassing the U.S. pace of about 2%, though some economists figure China will grow even slower than the government target. Economists expect many smaller emerging economies from Southeast Asia to South America to grow at relatively strong rates, though more slowly than in prior years.
>>>
>>
>> ^^^^^^^^
>> CB: This paragraph seems to contradict the spirit or even letter of
>> the headline.
>
>
> For sure. And, as you know, there are many other articles predicting an imminent bust in China which carry similar misleading headlines.
>
> I liked the concluding comment by an official of Brazil's Vale mining corporation, which supports the paragraph you cited:
>
> "There are a lot of people losing sleep over China," he said, "but I don't lose sleep over China."
>
>
>
>
>
> ___________________________________
> http://mailman.lbo-talk.org/mailman/listinfo/lbo-talk