Keyhole a lot of folk want to get their money out of China....Ryan who posted here earlier today will surely vouch for that...
As for Iron ore / steel consumption in China, from what I have seen there, over several years of long visits and I lived there for a year, their appetite is huge. Travel around China \ anywhere, in any direction, and construction doesn't stop. Roads, bridges, railways, buildings, airports....... it goes on and on.........but I wasn't there when their economy was running at 10%+ so I can't compare that.??
Iron ore price, page-376
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