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China’s commodities fallout

Posted on 04 July 2013

China’s slowing economy, tighter monetary policy and the precarious state of the country’s small banks which have lent to property developers, all spell less demand for Australian commodities through the rest of the year, former People’s Bank of China official Shuang Ding, now Citigroup’s senior China economist, says.
Ding, who also worked for the International Monetary Fund for 13 years, told Markets Spectator the growth rate of the world’s second-biggest economy is falling. In the first quarter this year China’s economy expanded by 7.7 per cent. In the second quarter Ding expects it to grow by 7.5 per cent, the Chinese government’s 2013 target. But that growth rate is “at risk,” Ding says………………………………………..Full Article: Source


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