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China Armco Metals Makes Positive Observations Regarding China Commodity Outlook.

The following news bodes well for investing in Chinese stocks, particularly in the metal industry, an industry that was highlighted as benefiting from China's stimulus plan:

Kexuan Yao, Chairman and CEO of China Armco Metals, Inc. (CNAM), commented

We are extremely pleased to have secured this $12 million credit facility. We see continued evidence that the Chinese economy is on the road to recovery and there has been an increasing demand for commodities coupled with a rising price environment. We believe this additional financial flexibility will enable us to opportunistically grow our distribution business and significantly improve our overall operating results.

China Armco Metals, Inc. is engaged in the sale and distribution of metal ore and non-ferrous metals throughout the PRC.

Please see the full release.

Source: GeoInvesting.com