BHP Billiton: Some Signs Of Improving Economy In China
May 12 2009 - 9:12AM
Dow Jones News
Anglo-Australian miner BHP Billiton Ltd. (BHP) Tuesday said it
saw "some signs of life" in China's economy but the country's
outlook on trade remained unclear.
Chief Executive Marius Kloppers, in a presentation posted on the
company's Web site, pointed to improving indicators from China's
construction and real estate sectors, and rising purchasing
indices, as evidence that China's economy may be recovering.
Kloppers also said the company's capital and exploration
expenditures were forecast to fall below $10 billion in the
company's 2010 fiscal year from more than $11 billion in 2009.
Company Web site: http://www.bhpbilliton.com
-By Jeffrey Sparshott, Dow Jones Newswires; +44 (0)207 842 9347;
jeffrey.sparshott@dowjones.com