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George Liu
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I am the Chief Financial/Economics Columnist of The Daily Political Review, a Monitored Contributor for FOREXPROS, a Seeking Alpha Certified Contributor, as well as a paid blogger for The Motley Fool Blog Network. I also currently serve on the Board of Directors for Ureka Co. Currently, I am... More
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  • Copper And Cash-Pumping In China 0 comments
    Oct 9, 2012 5:57 PM | about stocks: GXC, PEK, DSUM, CYB

    Simon Hunt Strategic Services predicts that copper consumption in China will decline 8.5% to 5.6 million metric tons in 2012, marking the first decline since 2008: here.

    In other news, the PBOC, China's central bank, pumped $42.14 billion worth of yuan into the country's banking system for a second time in two weeks. In late September, the PBOC had injected $57.9 billion into the banking system. These significant liquidity injections signal a shift in the Chinese government to more proactive stimulus policies to try and mitigate the effects of a potential slowdown in the economy, which is one of the main drivers of the falling demand for copper.

    Stocks: GXC, PEK, DSUM, CYB
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