china grinding to a halt, page-29

Over the last 5 years we have heard many predictions on the back of Chinese demands.
Many were of the view that demand for resources will continue to increase as China still has 100s of millions of people to drag out of poverty. China will see double digit growth for at least another decade. Copper will trade at $5lb and above etc etc and now we see predictions of 7% growth per annum over the next decade...

Well we have seen it all before and it is usually wrong.

Copper and Iron ore have just given us an indicator that things may not be so rosy.


Or perhaps like Australia China is different. Famous last words..