In the alst few weeks the Chinese seem to have changed course with respect to stimulus/infrastructure projects and have made major announcements, apart from the Silk Road Project and the new China, Laos, Thai,Malaysia to Singapore Railway,
Add to the that the change in regulations for the housing industry, it seems that they are keen to ensure that the economy does not falter and want to maintain growth.
This bodes well for IO, noit just yet but towards the end of the year.
It may just enough to soak up most of the oversupply and allow IO price to recover somewhat even if it gets back up to $65.0mt - $7.0mt
China shifts stimulus focus from monetary to fiscal policy
http://www.ft.com/intl/cms/s/0/3d7c9d06-c6eb-11e4-9e34-00144feab7de.html#axzz3VvnIufu6
China to invest 1.6 trillion renminbi in infrastructure projects
http://www.out-law.com/en/articles/...trillion-renminbi-in-infrastructure-projects/
Is China Quietly Continuing Its Massive Economic Stimulus?
http://www.voanews.com/content/is-c...ng-its-massive-economic-stimulus/2675524.html
Sri Lanka to resume road infrastructure projects with China
http://www.wantchinatimes.com/news-subclass-cnt.aspx?id=20150330000138&cid=1101
Column 1 0 China Woos Nepal With More Infrastructure, Hydro Projects
http://www.outlookindia.com/news/ar...ith-More-Infrastructure-Hydro-Projects/888538
Widodo invites Chinese firms to back infrastructure projects in Indonesia
http://www.scmp.com/news/china/arti...-firms-back-infrastructure-projects-indonesia
Russia Joins China's Asian Infrastructure Bank, But Doubts Its Power Against IMF
http://www.forbes.com/sites/kenrapo...ucture-bank-but-doubts-its-power-against-imf/
China ready to sign friendship treaties with all neighbours: Xi Jinping
http://zeenews.india.com/news/world...s-with-all-neighbours-xi-jinping_1569118.html
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