Tag Archives: Chinese economy

Iron ore price in free-fall as it breaches US$85 per tonne

Michael Sainsbury The benchmark price of iron ore appears to be in free-fall as it slumped another 1.6% to close the day at US$84.30 for 62%Fe product at China’s Tianjin port as it continued its slide towards five years lows last seen in October 2009 during the global financial crisis. At these prices about 25

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China’s housing bubble is bursting – and Australia should be very worried

Michael Sainsbury Crikey, crikey.com.au, 2 September, 2014 Things are grim in Kunming, capital of China’s vast southern province of Yunnan. Not so very long ago, Kunming was a pleasant provincial university city with relatively fresh mountain air. But over the past decade it has suffered the same fate as hundreds of Chinese cities: it’s been

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Global supply glut puts coal producers under pressure

Michael Sainsbury Nikkei Asian Review, asia.nikkei.com, 29 August 2014 It has been a tough year for commodities, particularly large-volume bulk commodities, but none face as much of a challenge as coal. Prices for both thermal coal and metallurgical coal for steelmaking have languished for the past two to three years amid a supply glut. Thermal

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Iron ore price horror: near five year lows

Michael Sainsbury The iron ore price fell below US$89 per tonne today, its lowest mark in almost five years, and it is set to fall even further with China’s housing market – which has underpinned the commodity for the past few years – showing no signs of recovery , despite some stimulus efforts by the

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Insights from a Chinese grand master

Peter Cai China Spectator, 22 August, 2014 China is remembering the 110th anniversary of the birth of Deng Xiaoping, the Chinese political leader who has largely been credited with setting the country on its path of economic reform and modernisation after decades of Maoist madness. Deng had a foreign mentor. His name is Lee Kuan

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