BlackRock says China starting to recover
Investment firm BlackRock, which has $US1.26 trillion of assets under management, says China is starting to recover from a downturn after the introduction of stimulus packages.
BNamericas cited Mr Nicholas Snowdon an analyst with UK based investment bank Barclays Capital as saying that China is moving from a copper destocking to restocking phase after the summer break which together with continued strength in semi manufactured products output should fuel a pick up in refined imports and tighten global market dynamics.