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Source:Xinhua 12-07-21 09:25 Updated BJT
NEW YORK, July 10 (Xinhua) China will continue to be a major contributor to global trade growth in the year ahead thanks to continued strength in China s domestic demand and import demand driven by robust export orders, said an expert with investment research firm MRB Partners. It is clear that China will continue to provide solid support for the global economic expansion for the foreseeable future, driven primarily by consumption, said Mehran Nakhjavani, partner of emerging markets with MRB Partners, in a recent research note.
Purchasing Managers Indexes (PMI), MRB s self-developed economic activity indicator and alternative indicator on electricity consumption, rail cargo volume and bank lending suggested Chinese economic spurt has broadly peaked, according to Nakhjavani.