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Construction stagnant means less iron ore and lower iron ore prices. But, more beer and consumer satisfaction will evetually fill the void. Welcome to the “new normal” the Chinese way.

Iron Ore prices are only going one way, down. And, the consumer economy takes shape in China, slowly. Welcome to the new normal in the Asian century.

Stock piles of iron ore reveal China’s slowdown (click here for video link), an ABC Australia newsline report outlines. Construction is stagnant and the control economy has restricted capital flows to manage inflation. The boom is over but the shift to a consumer driven economy is taking shape albeit slowly. This ABC report highlights how and why the significant shift that has hit all western economies has only just commenced.


About Glenn Smith

High growth business leader, independent management consultant & investment manager, board member, entrepreneur. An entrepreneurial leader/executive with >20 years experience in, and preference for, high growth enterprises capable of leaving a commercial and social legacy. Specialties: strategy, innovation, commercialisation and investment execution (venture capital /private equity). This successful executive career has been built around being involved in and/or growing businesses at all stages of the growth cycle (listed and private), from existence (start-ups), to survival ($1B). P.S. Impressario, esquire, bon vivant, viticulturist and oenologist.


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September 2012
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