China Mulls Production Curbs

Discussion in 'Wall St. News' started by ASusilovic, Aug 27, 2009.

  1. Asian stocks fell, dragging the MSCI Asia Pacific Index to a one-week low, after China said it may curb production in the steel and cement industries and Esprit Holdings Ltd. reported lower profit.

    Rio Tinto Group, which made 19 percent of its sales last year in China, sank 2.9 percent in Sydney. Mitsubishi Corp., a Japanese trading company that gets more than a third of its revenue from commodities, lost 2.4 percent. Esprit, the biggest publicly traded clothier in Hong Kong, slumped 15 percent. The yen rose as speculation output cuts in China will stifle growth sparked demand for safe-haven currencies.

    Is that typical for V recoveries ? Production curbs ?
  2. Is China running US monetary policy?