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China's Metals move a bright spot for sector

posted on Feb 13, 09 05:31AM

MINING REPORTER

Mr. Liu said that new loans by Chinese banks jumped by 1.62 trillion yuan or about $237-billion (U.S.) last month, an increase of more than 21 per cent from the month before.................................

Let’s look at the above. Loan’s worth 237 billion(US) in one month. Now if only 1% of last months loans went to buy let’s say, NOT, this would represent, $16.49, per share. Wow talk about purchasing power by China.