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Strong gains in commodities give China’s economy a boost

Posted on 22 January 2013

The Chinese dragon is still feasting on commodities. When the Chinese economy began to slow last year it sent prices for Australian mineral commodities such as iron ore into a tumble and the mining boom was pronounced dead by many.
The good news is the Chinese dragon is firing up and recent economic news out of China confirmed that their economy continues to grow. Chinese spending on new roads, rail and power plants grew by 20.7% in 2012, retail sales rose 14.5% in the 12 months to October and industrial production climbed 9.6%………………………………………..Full Article: Source


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VRS - who has written 39041 posts on Opalesque Commodities Briefing.


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