According to official statistics, China’s economy has grown at an average rate of about 7.5% in recent years. But PhD Copper says something has gone awry with the Middle Kingdom’s command style economic model. China is the world’s largest consumer of copper. If Copper prices are plummeting, the odds are China has something to do with it. The red flag that copper prices are sending on the Chinese economy is also being confirmed by the weakness in the Shanghai Composite Index. The performance of Chinese stock prices don’t seem to correlate with robust economic growth.
Jeremy Jones, CFA
Latest posts by Jeremy Jones, CFA (see all)
- Are the Pieces Finally in Place for a Bear Market? - June 22, 2018
- Landmark E-Commerce Decision by the Supreme Court - June 21, 2018
- GE Kicked Out of the Dow - June 20, 2018