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China slows commodities grow

Posted on 26 February 2013

A weaker than expected China growth number and finality on the Italian election is giving commodities new life. The market is rebounding on the thought that despite the efforts of Wen Jiabao to slow the housing market in China, perhaps not all economic stimuli will fall to the wayside.
Oil imports into China jumped 7.5 percent over one year ago levels. China’s manufacturing growth hit a four-month low in February, HSBC PMI hit 50.4 for the month, down from a final 52.3 in January. The figure was seasonally adjusted to take account of the Lunar New Year holiday that fell in the middle of the month………………………………………..Full Article: Source


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VRS - who has written 40685 posts on Opalesque Commodities Briefing.


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