Comments from UBS on China:

  • Although there remains downward risk to our 2015 growth forecast of 6.8%, we think that China's recent property sales revival and intensified government policy support have lowered risks of a sharp hard economic landing this year.
  • In addition, despite ongoing stock market gyrations, we expect the government will be able to manage domestic liquidity to ensure financial system stability.
  • We anticipate headwinds from slowing property investment and industrial activity to be largely offset by stronger policy-driven infrastructure support, allowing for growth to grind down rather than drop off sharply in the next couple of years.

--

With thanks to UBS and the good folks at LiveSquawk for passing it along

Livesquawk are more than just ... errr ... live squawk! You can get a free trial of their great services from here