Tag Archives: Chinese economy

Iron Ore price to tumble below US$90?

Michael Sainsbury The iron ore price hit its lowest mark so far this quarter today (August 13) falling to US$93.20 and appears to be moving down towards the psychological price of US$90 per tonne. For the past month it has averaged about US$95 and has been below US$100 since mid-May, breaching US$90 briefly on June

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Iron ore plunges to US$91.80, small miners facing losses

Michael Sainsbury As regular readers will know, Little Red Blog has, for quite some time been unfashionably bearish on both the Chinese economy and the iron ore price. So it’s with some relief that we can report that both are softening at the sort of rate we had expected but which most, at the start

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China’s property market steels itself for downturn

Michael Sainsbury  Market forces are finally achieving a number of things in China’s steel and property sectors that the Chinese government has been trying to force onto its economy in its still-lingering top down approach. In the words of Tim Murray at J Capital Research, one of Little Red Blog’s favourite analysts, the outlook for

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Chinese trading fraud moves Australia’s markets. Again.

Michael Sainsbury  Here we go again. Market robots (dressed in expensive suits as well as their quant computer rivals) moving the Australian dollar and share markets up and down with each sliver of slightly rubbishy data that comes out of China. Just 11 days ago it was all doom and gloom when the PMI –

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China walks an economic tightrope as Australia holds its breath

  Michael Sainsbury So now we know. China’s statisticians have declared the country’s GDP grew at 7.7% last year, the equal lowest in more than a decade and just lower than last year’s 7.8%. Although numbers from China’s Party-controlled Bureau of Statistics are notoriously fudged and usually revised about six months down the track, it

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