The dragon is breathing fire and building roads. “By the end of April, China had built 20,000 kilometres (12,430 miles) of rural roads, 214,000 low-rent homes, 445 kilometres of highway, and 100,000 square meters (1.08 million square feet) of airport buildings under the stimulus plan,” reported China’s National Development and Reform Commission on May 21.
June 2nd, 2009 | Dan Denning | 3 comments | ContinuedAll Posts Tagged With: "steel production"
Assets Race to the Bottom
Which asset class will find the bottom first? Will it be commodities, property, ore shares? And which shares? Local shares got a big yesterday, especially the miners.
October 2nd, 2008 | Dan Denning | 0 comments | Continued
The Market Price for the Resources China Wants is Rising
Who is the predator and who is the prey? That is what we wonder today. Is China preying on BHP Billiton (ASX: BHP)? Or is BHP preying on Rio? Who are the barracudas and who are the minnows? First, the big fish. “With iron ore prices rising explosively,” says China’s National Development Reform Commission (NDRC), “many domestic firms are very enthusiastic about investing in overseas mines, which needs strengthened macro guidance from the country.”
April 17th, 2008 | Dan Denning | 5 comments | Continued