BHP and Rio given a helping hand from China

BHP Billiton and Rio Tinto shares have been given a leg-up by better Chinese PMI figures and easier monetary policy.

Can’t anyone get their forecast on the China economy right?

If doom and gloom are the right words for an economy growing at more than 7% this year, yesterday’s increase in China’s Purchasing Managers Index to 50.3 in July from 50.1 in June was positively jaw-dropping.


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