China – the usual worries, but no boom and no bust

Key points > Chinese economic data is off to a soft start this year.
> However, there are reasons for optimism that growth this year will still come in “around 7%”. Monetary policy is easing, the Government is alluding to more stimulus and the threat from the property slump is receding a bit.
> While a re-run of last year’s 50% gain is unlikely Chinese shares remain attractive. > Slower Chinese growth isn’t a major threat to Australia. The main dampener on commodity prices is supply. “>

In some ways I find analysing China amusing. First, as long as I can recall numerous commentators have been calling for a Chinese hard landing. And for as long as I can re…