MFE 0.00% 1.0¢ magnetite mines limited

ScottyT,copyright link/finance/china-business/1019175...

  1. 2,689 Posts.
    lightbulb Created with Sketch. 39
    ScottyT,

    http://www.telegraph.co.uk/finance/china-business/10191759/China-risks-deflation-trap-as-true-GDP-crumbles.html

    This is something to think about... The real China GDP.

    "Diana Choyleva, from Lombard Street, said the official Chinese figures show that the economy contracted by 0.2pc in the second quarter, rather than growing 1.7pc (7.5pc year-on-year) as claimed by the government"

    Also deflation is a BIG PROBLEM worse than a recession. Look at Japan 40 yrs on and still going. If China collapse, many iron ore hopefuls will need to wait for 40 years.
 
watchlist Created with Sketch. Add MFE (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.