Goldman Sachs' latest commodities report is crossing via the Bloomberg and raising some interst
- GS says they see 'growing vulnerability' in Chinese property markets due to the recent easing in credit conditions followed by the rise in prices
- Concerns that the policy-driven boom in housing will be followed by a slump due to what GS call the 'payback effect'. GS says this tends to be a pattern
- GS says a slump would give rise to risks for metals prices
The world's favourite China proxy has so far managed to shrug off the headlines, onto session highs now:
