"When the China Stimulus is spended locally in practices, the money cost on the projects after corruption and waste would always become the GDP called 'steel plus cement'. So it would help the steel market as it ever done, but we can't count there is how much steel stock in the market. However, the impact of the crisis to Chinese economy is still deeping and widing as the existing consumption market is declining while the empty can't be filled up in short term."
Dec 1st, 2008
by Kylin Pan
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