Why steel and coal will be big winners from India's reform

India is going to surprise investors by its pace of reform, and the best way to tap the change is through investments in steel, coal and autos, explains BlackRock's Andrew Swan.

The recent rebound in China's services sector surprised many observers, not least those who extrapolated an ongoing decline in economic indicators from weaker manufacturing data in late August. For us, it confirmed that the pessimism on China may have been overdone, and that the economy should not struggle to reach its 7.4%-7.5% target for 2014. China stabilisation The concerns have tended to focus on structural problems in the property market, and the direction of monetary policy. Certainly, action by the central government is unlikely to reinvigorate land sales or property in any me...