Inflationary concerns loom in China
The second half of 2013 may not be a good time.
OCBC Treasury Research noted:
PBOC advisor Chen Yulu commented that economic growth is likely to exceed 8.0% this year, while inflation may become a potential concern in 2H13.
Meanwhile, the Ministry of Finance commented that China’s fiscal balance is likely to be about 2.2% of GDP this year.