China discovers Asia's biggest iron ore deposit

[ao333]

How did Chinese iron deposite turn into a China vs India GDP growth match?

 

[kallu_be]

Its good that those bellary suckers got a big jolt after a long time. I hope china stops purchasing ore from India, it might control mining mafia in karnataka, orissa and chattisgadh.

 

[Dash]

Good China got its own ore..
Now we will figure out how to manage it on our own...

and by the way its old news

 

[Hafizzz]

How did Chinese iron deposite turn into a China vs India GDP growth match?

You see China is the engine of Asia which is supporting the growth of many Asian economies and most of India's Iron Ore export goes to China and since China have discovered a huge Iron Ore deposit inside China which means China will buy LESS Indian Iron Ore. Therefore this could dent India's economic growth by a few percentage.

India Mines Support Iron-Ore Exports - WSJ.com

India is the world's third-largest exporter of iron-ore, mostly to China, and 70%-80% of its 106 million tons of exports last fiscal year were fines, or low-grade ore.

 

[sammar72]

You see China is the engine of Asia which is supporting the growth of many Asian economies and most of India's Iron Ore export goes to China and since China have discovered a huge Iron Ore deposit inside China which means China will buy LESS Indian Iron Ore. Therefore this could dent India's economic growth by a few percentage.

Indian Train is no sooner reach China's growth Engine. Don't worry! Indian apetite for Iron ore is likely to increase by 3 times of present owing to major expantions and greenfield projects underway. Pakistan needs to develop its own growth Engine rather remain as Dubba