Monday, April 29, 2013

China Slowdown

By way of David Merkel's blog, from The Globe and Mail:
There are signs of further slowdown ahead, with Chinese exports to the U.S. and Europe dropping sharply. Iron ore stocks are a third more than average, now piling up into three-storey mounds at Qingdao port, while copper stocks are double the usual average, filling Shanghai’s bonded warehouses and spilling into their parking lots. Property developers are complaining of slower starts and fewer purchases.

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