Relevant:
- Foreign purchases of American homes plunge 36% as Chinese buyers flee
- Speculators don't create commodity bubbles
- Chinese Steel Makers Warn Of Grievous Losses In The Second Half Of This Year
- Hong Kong Housing Bubble Suffers Spectacular Collapse As Sales Plunge 42% To Record Low on Chinese Crackdown, Economic Woes
- Bank of Canada Crushes Loonie, Creates Mother of All Shorts
2012-05-22 — zerohedge.com
``"Chinese buyers are deferring delivery or have defaulted on coal and iron ore deliveries following a drop in prices, traders said, providing more evidence that a slowdown in the world's second-largest economy is hitting its appetite for commodities. ''
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