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Going by the economic indicators Chinese economy is shrouded in gloom. The world’s second largest economy grew 7.4% in Q1 this year, better than expected but sharply down from 7.7% in Q4 2013. Even though the government has pegged 2014 growth at 7.5% the dark lining being it would be the slowest since 1990.

However if seen in the background of recent shift in focus by the government towards quality rather than quantity to make the economic growth solid and balanced lest it enters yet another debt trap resulting in default on bond recently. Regardless of the glamour surrounding Chinese growth story the fear of hollow credit based growth ultimately proving to be its own nemesis loomed all through.

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Metal Rate
16 Apr, 2014
Zn
2056
Ni
17875
Sn
23475
Al
1832
Cu
6599
Source: LME.co.uk
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Weekly Poll
Coking coal prices to weaken in Q2
Yes
No
Can't Say
Baltic Dry Index
17 Apr, 2014
BDI
936
BCI
1613
BPI
792
BSI
909
Source: DryShips.com
Currency Rate
17 Apr, 2014
USD
1.0000
AUD
1.0670
BRL
2.2409
CAD
1.1005
CNY
6.2188
EUR
0.7226
GBP
0.5940
INR
60.3242
JPY
102.0108
RUB
36.0144
ZAR
10.5498
Source: http://www.xe.com