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Read More »China can’t control its iron ore roller coaster
The nine most terrifying words in the English language, Ronald Reagan once joked, are “I’m from the government, and I’m here to help.†For anyone involved in commodity markets, there’s a still more alarming version: “I’m from the Chinese government, and I’m here to stabilise prices.†That’s reason to be highly skeptical that Beijing’s plans to rein in the wild ...
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