China’s stalled recovery looks bad for iron ore

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Via Captial Economics:

Most noteworthy for Australia is that stalled property sales recovery. Volumes down one quarter is worse than the 2015 bust that crushed bulks.

There are offsets in infrastructure with local governments on the move:

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About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.