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