Both IP (industrial production) and the PMIs (both the "official" and HSBC's) are strengthening again. Plus retail sales are holding up and inflation is low. Plan to redirect growth away from exports and investment towards domestic consumption continuing, so although trend growth will be lower (7% ish instead of 10%), a "hard landing" is unlikely.
But key relevance is that the US, Europe, UK, Japan and China are all picking up.
Disclaimer. After nearly 40 years managing money for some of the largest life offices and investment managers in the world, I think I have something to offer. These days I'm retired, and I can't by law give you advice. While I do make mistakes, I try hard to do my analysis thoroughly, and to make sure my data are correct (old habits die hard!) Also, don't ask me why I called it "Volewica". It's too late, now.
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