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China stimulus won’t rescue commodities - JP Morgan

Posted on 14 November 2008

From Guardian: China’s 4 trillion yuan ($586 billion) stimulus package will benefit the country’s poor, but it will not rescue global commodity markets, J.P. Morgan chief China economist Frank Gong said on Thursday.

The road, railway and airport projects at the core of the plan will boost demand for labour and concrete far more than for industrial metals or energy, Gong said…… Full Article: Source


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