Good news, News:China announced that it will spend $156 billion...

Good news,

News:
China announced that it will spend $156 billion building new subways, highways, and other infrastructure projects to ramp up growth. Analysts welcomed the move, though some asserted that it might be too late to prevent a third-quarter halt in the economy.

“The decision for the Chinese government to intensively announce these projects over the past two days signals a significant change in its policy stance from the incremental and reactive approach to a more decisive and proactive approach,” Zhiwei Zhang, chief China economist at Nomura in Hong Kong, said in a note.

There may be a slowdown for q3 but commodities will be back in favor wiTh a rush to secure supply at low prices.... The largest beneficiary being iron ore... At $2us per hour for the majority of labour, that is a heck of a lot of steel, concrete, power and management.

To put that into perspective, Gina's Roy Hill project is worth $ 7bn aud with 8,500 workers over the life of the project - in china Roy hill would be constructed for under 3bn.... That is 50 Roy hill projects over the next few years....

Q1, 2013- back to normal... Go coalspur.