China sees growth rebound in sight

China sees growth rebound in sight. A recent rise in Chinese iron ore prices may signal the government's efforts to support growth are working, albeit at the risk of amplifying concerns over the country's debt levels. Chinese iron ore prices fell to close to a two-year low in mid- June and have risen steadily since. The price of iron ore with 62 percent content delivered to the port of Tianjin fell over 33 between between the beginning of the year and June 17, coinciding with weakening growth in China's economy. Since hitting the June 17 low the index has trended higher, rising more than 10 percent as of today. Over the past three years China's iron ore prices -- a good indicator for China's real economy -- have tracked industrial production growth relatively well and maintain the added benefit of being released daily. (via Bloomberg)