| As the European economy shows no sign of pulling itself up by its own bootstraps, and with the US hardly faring any better, markets have been heavily dependent on Chinese demand to bolster commodity prices. But the predictions from a Chinese central bank adviser over the weekend did little to give markets confidence that the People’s Republic would be able to sustain its role in propping up demand in commodity markets.
Song Guonqing, an academic member of the People’s Republic of China’s monetary policy committee warned that Chinese growth may slow to 7.4 per cent and that inflation may create a drag on returns for industrial producers, curbing any expansion...............................................Full Article: Source
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