Think China’s economy is slowing? Think again. China continues to power ahead and flaunt its growing economic prowess …
* Retail sales soared $126 billion — or 21.6% — in May, the second-fastest rate on record
* Oil imports exploded 25% in May, the fastest pace in 10 months
* Auto sales jumped 32% from a year earlier
* Sales of construction materials rose 9.3% in May after a decline in April
* Exports surged 28% in May after a 22% gain in April
* Incomes continue to rise — up 11.5% in the first quarter compared to a year earlier
Add in the Sichuan earthquake reconstruction and the Beijing Olympics that are on the horizon, and I don’t think China’s economy will be cooling anytime soon!
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{ 1 comment… read it below or add one }
I missed your Urgent buy gold announcement on Sept 16th. I would like to get my mom’s money into something that has some upside potential. Is it too late to get into TGLDX,UNWPX, and USERX? Should I wait for a pull back?
Thanks..