China at the crossroads

China must decide between further stimulus and economic reform, but either way it doesn't look good for our miners, explains Macro Business's David Llewellyn-Smith.

China once evoked mysteries of the orient: opium, corruption and the ineffable other. Today it is more substantial, it’s economic might visible in the endless ream of steel it rolls out for itself and the world, as well as in the massive iron ore developments of the Pilbara.

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