Presentation on theme: "The economy is slowing down"— Presentation transcript:
0 China Economic Outlook Opportunities and challenges 16 October 2006Dong Tao Chief Economist, Non-Japan Asia Economics ResearchFOR IMPORTANT DISCLOSURE INFORMATION, including analyst certification, please refer to the Disclosure Appendix.
1 The economy is slowing down Source: National Bureau of Statistics, China Logistics Information Centre, Credit Suisse
6 Infrastructure and capital goods RMB 2tn investment in railwaysRMB 800bn investment in power gridNuclear power stations to number 15 by 2010 and 32 by 2015Chinese demand should sound as loud in the capital goods market in 12 months’ time as it did in the commodities markets two years agoSource: Reuters, Credit Suisse. Note: 2006 data
7 …but real story is coalSource: Bloomberg, CEIC, State power research institute, Credit Suisse