Positive thoughts on China and iron ore from Gindalbie
George Jones, Chairman, imparted some encouraging views on China and iron ore in his presentation at Gindalbie’s 2008 Annual General Meeting. His view - which, he says ”is supported by recent discussions I have had with a number of senior Chinese business leaders and other experienced China analysts - is that there is a solid ‘bottom line’ of demand for key raw materials that will continue to underpin and sustain quality Australian resource projects. While there is evidence of a slowdown in Chinese economic growth from its peak of 11.9% last year, it is unlikely it will experience a so-called ‘hard landing’ where GDP growth slows to 5% per annum.” (more…)
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