China trade data lights a fire under miners

China's iron ore imports have hit a new record. But how much is related to rebuilding rundown stockpiles?

Fears of an economic hard landing in China were swept aside today as trade data lit a fire under iron ore miners and lifted the Australian dollar.

In terms of economic indicators, China’s trade figures have taken dominance if only for the fact they are harder to fudge than the official economic growth numbers.

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