Chinese growth to continue - BHP Billiton

RESOURCES giant BHP Billiton believes the powerhouse of Chinese growth will continue.  The resilience of the Chinese steel sector was surprising, BHP Billiton chief Marius Kloppers has told the company's Australian annual general meeting in Brisbane.

"We have no reason to change our long-held view that Chinese growth will continue and will continue to be resources-intensive," Mr Kloppers said.

He said BHP Billiton would maintain its focus on meeting the needs of China.

But Mr Kloppers said despite seeing the first signs of steel restocking commencing in some major markets, it was progressing very cautiously in the USA and Europe.

"Even though market sentiment has improved since I spoke at our London AGM a month ago, we continue to believe that we will come out of this recession less strongly than in previous cycles," Mr Kloppers said.

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