India and China will represent 35%-40% of the 1.6 mln B/D growth in oil demand next year, said, said Francisco Blanch, head of Global Commodities Research at Bank of America Merrill Lynch Monday morning.
India and China will represent 35%-40% of the 1.6 mln B/D growth in oil
demand next year, said, said Francisco Blanch, head of Global Commodities
Research at Bank of America Merrill Lynch Monday morning. In
China
, that
growth will be domestic focused as more consumers buy cars, for example. Meanwhile,
S&P 500 should see China contributing a greater portion of earnings, about
10% by 2015 from 5% this year, said David Bianco, head of U.S. Equity Strategy.
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