The sum of all China fears

BHP Billiton's China warning comes as bank lending contractions, export woes and a property price crackdown signal the likelihood of steeper-than-expected economic slowdown.

Astute China watchers have long fretted that the Chinese government’s determination to push housing prices down could trigger a sharp slowdown in the world’s second largest economy.

Their worries appear to have been justified after mining giant BHP Billiton’s warning that Chinese demand for iron ore is likely to flatten out due to the cooling in the Chinese economy.


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