China doing what it can to keep iron ore bears at bay

News Snapshot:

Yes, China’s economy is not growing as fast as it used to and its housing market has been horrible, but the government has a circa 5 per cent annual GDP growth target and economists are tipping it to remain in place this year. China has pulled a few different levers to maintain that sort of growth over the years, and consistently been a confounding widowmaker for those iron ore bears. How the iron ore price held up was one of last year’s market mysteries globally. Going into this year, and with the iron ore spot price close to or above...