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CHINA SHARES: Policy uncertainty overhangs, but coal fires boost
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Written by Andrew Vanburen (China Correspondent)
Friday, 27 August 2010 12:00

mining_fpTHE SHANGHAI Composite Index, which has been steadily climbing back from year-to-date lows in late June, was stoked with a shovelful of upside fuel in the form of categorically supportive policy for China’s gargantuan coal industry.

However, investors are also hoping for more clarity on just how much Beijing is willing to relax its grip on the central credit valve as the economy appears to be entering a slower-growth phase and news from the West continues to underwhelm. Read more...
 
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