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China makes strategic use of commodity collapse

Posted on 07 January 2009

From Reuters: China’s government is using the collapse in commodity prices to further its domestic agenda, with support for stricken sectors tailored to speed up reform plans rather than rescue ailing companies or prop up prices.

To survive plummeting demand for exports — a sharp turnaround after several years of booming global demand — many industries are looking for state help and consolidation….. Full Article: Source


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VRS - who has written 39856 posts on Opalesque Commodities Briefing.


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