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.

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

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.