Welcome To the Copper Fox Metals Inc. HUB On AGORACOM

CUU own 25% Schaft Creek: proven/probable min. reserves/940.8m tonnes = 0.27% copper, 0.19 g/t gold, 0.018% moly and 1.72 g/t silver containing: 5.6b lbs copper, 5.8m ounces gold, 363.5m lbs moly and 51.7m ounces silver; (Recoverable CuEq 0.46%)

Free
Message: Re: tecks outlook for copper

That sounds good and can't happen soon enough.

Here's news out of China tonight (and it does not sound good at all).

China's March exports shrink 15 percent year-on-year in shock fall

(Reuters) - China's export sales contracted 15 percent in March while import shipments fell at their sharpest rate since the 2009 global financial crisis, a shock outcome that deepens concern about sputtering Chinese economic growth.

The tumble in exports - the worst in about a year - compared with expectations for a 12 percent rise and could heighten worries about how a rising yuan CNY=CFXS has hurt demand for Chinese goods and services abroad, analysts said.

In a sign that domestic demand was also tepid, imports into the world's second-biggest economy shrunk 12.7 percent last month from a year ago, the General Administration of Customs said on Monday.

That was the biggest slump in imports since May 2009, and compared with a Reuters poll forecast for a 11.7 percent drop.

"It's a very bad number that was much worse than expectations," Louis Kuijs, an economist at RBS in Hong Kong, said in reference to the export data.

"It leads to warning flags both on global demand and China's competitiveness."

Buffeted by lukewarm foreign and domestic demand, China's trade sector has wobbled in the past year on the back of the country's cooling economy, unsettling policymakers.

Chinese Vice Premier Wang Yang was quoted by Xinhua state news agency as saying earlier this month that authorities must act to arrest China's export slowdown lest it further dampens economic growth.

http://www.reuters.com/article/2015/04/13/us-china-economy-trade-idUSKBN0N405D20150413

4
Apr 13, 2015 02:09AM
2
Apr 13, 2015 07:36AM
5
Apr 13, 2015 07:51AM
3
Apr 13, 2015 11:06AM
6
Apr 13, 2015 11:30AM
8
Apr 13, 2015 12:10PM
2
Apr 13, 2015 12:29PM
Share
New Message
Please login to post a reply