Beijing policymakers now busily easing conditions may have had a look at literal mountains of...

|By:, SA News Editor

Beijing policymakers now busily easing conditions may have had a look at literal mountains of iron-ore built up along China's eastern seaboard. The stockpiles hit an all-time high of 120 million tons as steelmakers hold off on orders. Coal is piling up as well, with stocks 40% higher than a year ago as electricity demand wanes.