21 Jan 2014
Flash: China going soft? – Rabobank
FXstreet.com (Guatemala) - Strategists note the recent negatives from chin and sigh the labour force as highly problematic.
Key Quotes:
“News that China’s labour force declined 2.44M in 2013 after shrinking 2.0M in 2012 (another fundamental headwind for China that we’ve already flagged) is also a major negative for future growth prospects:.
“… it means less workers to make things and less consumers to buy them - and things are going to continue to get worse on that front regardless of the recent shift in the one-child policy”.
Key Quotes:
“News that China’s labour force declined 2.44M in 2013 after shrinking 2.0M in 2012 (another fundamental headwind for China that we’ve already flagged) is also a major negative for future growth prospects:.
“… it means less workers to make things and less consumers to buy them - and things are going to continue to get worse on that front regardless of the recent shift in the one-child policy”.