Daniel, you are right. While I won't say ANZ is wrong, I will say they know diddley about China and have always taken the most conservative view of whats about to happen. ANZ talks a lot, but their forecasting should be restricted to counting job ads! I would direct you to Howard Balloch's website. Howard was the Canadian ambassador to China and now runs a consultative group in Beijing. He presented the following at Diggers this year:
http://www.ballochgroup.com/uploads/File/pdf/08%2008%2005%20HRB%20Diggers%20and%20Dealers%20Keynote%20WS%20[Read-Only]%20[Compatibility%20Mode].pdf
Its compelling reading and a little more insightful than some pimply kid at ANZ! ANZ missed the "junk" re:China, and they're still singing from the sam hyme sheet.
re:iron ore, page-7
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