GSC - EWC Is A Bet On Commodities And A Trade Agreement
In a recent article for Seeking Alpha titled "EWA Is A Bet On The Chinese Economy," I pointed out that Australia is a supermarket for China given their production and exports of raw materials to the world's most populous nation. The slump in the Chinese economy weighed on the value of the Australian dollar as well as the share prices of many Australian companies. The soft GDP data showing 6.4% growth this week did little to help sentiment when it comes to the world's second leading economy.
Meanwhile, a trade deal between the