| Price slumps in the global commodity market will likely mean good news for China after the country reported slowing growth for the third quarter. Continued weaker commodity prices led by crude oil are expected to save the country on enormous import bills, boost trade surplus and provide more leeway for Chinese policy makers to fine-tune the economy.
Crude prices started a downward streak in the beginning of July and have fallen considerably from their previous peak. Overnight on Monday, light, sweet crude for December delivery dipped below 80 U.S. dollars a barrel on the New York Mercantile Exchange, tumbling from over 107 U.S. dollars on June 20. December Brent crude dropped to less than 86 U.S. dollars on the same day, around 25 percent lower than the peak four months ago...............................................Full Article: Source
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