Top Communist Party officials are gathering in Beijing this week to chart China’s economic development for the latter half of this decade – and already, the country’s state-run media are setting expectations.
Beware gold bugs bearing cheap equities… Thanks to gold’s swift descent, mining stocks have been crushed in the past month. But bargain hunters should tread carefully.
As industry giants such as Rio Tinto PLC and BHP Billiton Ltd. dig up ever more of the steelmaking ingredient for export, the resulting supply glut has caused prices to slump.
The rapid run-up in Chinese shares this year is dimming the allure of another popular investment: gold. Luckily for fans of the metal, demand is looking healthy in India, the other big retail market in Asia.
