| Could China’s cash-strapped miners get a boost after the People’s Bank of China cut its banks’ required reserve ratio by 50 basis points? Don’t count on it, argued Goldman Sachs‘ Eugene King and Christophor Jost, mainly because even if there is more liquidity in the Chinese economy, demand for steel and early stage mining commodities such as coal and copper are “more geared to government fixed asset investment spending than private capital.”
Earlier this week, Credit Suisse pointed out that infrastructure projects have been stalled at the provincial level. See my February 1blog “China Growth “Could Be Very Weak” In Q1 As Policymakers Disagree“...............................................Full Article: Source
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