China - China's iron ore imports exploded last month

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China's iron ore imports exploded last month

Wednesday, May 06, 2009
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By Daily Crux Editor Brian Hunt:

If there's a global economic crisis, nobody told China.

China is the world's largest iron ore consumer. This week, the Middle Kingdom announced its largest ports unloaded 24% more ore in April than in the same time one year ago.

Sure... China is buying a little more gold each year, but if you want to know where those monster currency reserves are really heading, think about how low oil, copper, coal, and iron ore prices are from one year ago... and think about how much of this stuff China is going to need for the next 50 years. We'd be buying "stuff" like crazy also...

Read full article (it's a short one)...

More posts on China:

China's big gold secret is out: Quietly building huge hoard since 2003

Coming Collapse of China, author: China's economic stats are a sham

China's big dollar secret is revealed

Topics:		China \| Commodities

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