Bloomberg News

China Growth to Benefit Oil, Copper, Coking Coal, Ulrich Says

March 30, 2012

China’s economy still offers “good long-term investment opportunities” and commodities such as oil, copper and coking coal will benefit, said Jing Ulrich, chairman of global markets for China at JPMorgan Chase & Co.

China’s economy will accelerate after a slowdown in the first quarter as the government undertakes “nuanced” stimulus, Ulrich said in an interview with Bloomberg Television in Cernobbio, Italy.

“The macro economy can achieve a soft landing,” she said. “The central government has shifted its policy from fighting inflation to supporting growth.”

Ulrich said economists and analysts are expecting Chinese economic growth of 8 percent this year, more than the government’s 7.5 percent forecast.

To contact the reporters on this story: Nadine Skoczylas in Rome at nelsibai@bloomberg.net; David Tweed in London at dtweed@bloomberg.net

To contact the editor responsible for this story: Andrew Davis at abdavis@bloomberg.net


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