Forbes-logo.jpg

Andrew Wang quoted in Forbes

China Sets GDP Dial To 7; Hikes Military Spending

Kenneth Rapoza
Mar 4, 2015 @ 10:43 PM

China has set its GDP growth dial to 7% this year, and few doubt they will miss the target…by much.

“As long as there is not a hard landing, investors should feel pretty good about 7% growth,” says Andrew Wang, senior vice president of Runnymede Capital Management in New Jersey.

Apparently 7% is precisely where this economy is heading in 2015. Premier Li Keqiang told the opening of the annual meeting of the National People’s Congress in Beijing that despite the lowest growth target in over 10 years, the government was focused on sustainable economics. What’s unsustainable is fixed asset investment into roads and bridges, provincial spending on real estate, and a shadow lending system that promises to take down more companies than the handful that have already gone belly-up and resuscitated by the powerful central bank.

Read More

Share This Story, Choose Your Platform!

About the Author: Andrew Wang

Andrew Wang

IMPORTANT DISCLOSURE INFORMATION

Please remember that past performance may not be indicative of future results. Different types of investments involve varying degrees of risk, and there can be no assurance that the future performance of any specific investment, investment strategy, or product (including the investments and/or investment strategies recommended or undertaken by Runnymede Capital Management, Inc.), or any non-investment related content, made reference to directly or indirectly in this blog will be profitable, equal any corresponding indicated historical performance level(s), be suitable for your portfolio or individual situation, or prove successful. Due to various factors, including changing market conditions and/or applicable laws, the content may no longer be reflective of current opinions or positions. Moreover, you should not assume that any discussion or information contained in this blog serves as the receipt of, or as a substitute for, personalized investment advice from Runnymede Capital Management, Inc. To the extent that a reader has any questions regarding the applicability of any specific issue discussed above to his/her individual situation, he/she is encouraged to consult with the professional advisor of his/her choosing. Runnymede Capital Management, Inc. is neither a law firm nor a certified public accounting firm and no portion of the blog content should be construed as legal or accounting advice. A copy of Runnymede Capital Management, Inc.’s current written disclosure statement discussing our advisory services and fees is available for review upon request.