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China stimulus plans, not rates, key for commodities

Posted on 31 October 2008

From Guardian: China’s third interest rate cut in six weeks will be much less of a boost to commodities demand in the world’s fastest-growing consumer of raw materials than a hefty infrastructure spending programme.

Slowing exports are already eating into the country’s huge hunger for commodities — copper consumption growth next year is seen falling to 6 percent, one third the rate in 2007 — and even a major fiscal package will likely only slow the decline….. Full Article: Source


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