Commodities Slump on Fears of China Slowdown – WSJ.com

Commodities Jan 20, 2011 No Comments

Commodity prices slumped on concerns that surging growth in China will push government officials to redouble efforts to slow the country’s economy.

Prices for oil, copper, grains and other commodities tumbled after Beijing announced early Thursday that China’s economy accelerated in the fourth quarter, with gross domestic product rising 9.8%. Inflation rose 4.6% in December from a year earlier, another sign that the world's second-largest economy may be overheating.

via Commodities Slump on Fears of China Slowdown – WSJ.com.

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Rod Sherkin

Rod is a former senior executive, responsible for Purchasing, for both Pillsbury and Ball Packaging back in the 80’s and 90’s. Since then, he has continued to work in the Purchasing field as both a consultant and founder of the website Propurchaser.com.