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China’s base metals imports collapse: What does it all mean?

Posted on 30 July 2013

A drop in China’s refined base metals imports in the first half of this year seems to support falling Purchasing Managers Index (PMI) results, suggesting the slowdown in China’s economy is set to continue. In the words of Yasuo Yamamoto, a senior economist at Mizuho Research Institute in Tokyo, this is “….starting to become more dangerous,” a Reuters article reports.
“China’s economic growth rate will probably fall below 7 percent in the fourth quarter this year and may fall under 6 percent in some quarter next year,” Wang Jian, a senior researcher with the China Society of Macroeconomics, a research body affiliated with the National Development and Reform Commission (NDRC), is also quoted as saying…………………………………Full Article: Source


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