Here’s another light, tight, 3 minute of property investment reading – all with a positive feel to start to your weekend…easier some days than others.
1. China growth good
What’s good for China is good for us – good for the federal budget. The “hard landing” that was being predicted there by many pundits, apparently has morphed into something far softer, according to news source, Crikey.
The reported 2nd quarter growth rate of an annual 7.6% and the sharp slowdown in inflation to under 3%, has been questioned, but in the face of data we are now seeing from the US, Europe, Canada, Brazil, India and others, there seems to be room for optimism re China.
Crikey reports that the Chinese economy grew 1.8% in the June quarter from March (when it grew 1.6% from the Dec quarter).
Annualised, this growth rate is around 6.8% to 7%, which is weak by recent Chinese standards. But compare it to the current annual growth rate in the US of 1.9%; minus 0.3% to 0.4% in the UK, and the recession in Europe, and China stands out.
In a nutshell, fiscal spending by China jumped to 17.7% in June from 10.8% in May; industrial production rose to an annual 9.5%; iron ore imports rose 10% over the previous year – great news for Australia and iron ore exporters like BHP Billiton and Rio Tinto – and China’s coal imports were up 66% in the first half of the year from the same period last year. All good stuff – thanks Crikey.
2. Bad day blues
So, just in case our good news isn’t good enough to lift your spirits, here are 7 easy ways to improve a bad start to the day, from Inc.com.
- Remember that the past does not equal the future – there is no such thing as a ‘run of bad luck’
- Refuse to make self-fulfilling prophesies – you know what happens
- Focus on the big picture
- Change your threshold for “good” and “bad” – decide that any day above ground is good; and bad means that your car has been stolen and driven into the ocean
- Improve your body chemistry – take a walk, eat something healthy
- Focus on what’s going well
- Expect something wondrous – you may just start to ‘see’ all of the wonderful things around you
3. Matusik In Sydney
Thanks to those folk who came by to visit while I was at the Sydney Home Buyer and Property Investor Show last weekend. If you missed my presentation on What to buy – my 10 rules for better investment buying, click here to register for a free copy and more!
Michael Matusik is the director of independent property advisory Matusik Property Insights. Matusik has helped over 550 new residential developments come to fruition and writes the weekly Matusik Missive. The Matusik Missive is free, however, reprinting, republication or distribution of any portion of this material, or inclusion on any website, is strictly prohibited without the written permission of Matusik Property Insights and may incur a charge.
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