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November 12, 2008
Over the past few weeks, as the bad news has piled up in markets around the world, slivers of light have been breaking through. China’s “economic stimulus” package was announced the day before Elman spoke at the release of Noble Group’s third-quarter results. A few days earlier there was another positive sign as regards commodity demand next year, in the shape of the flying visit to Australia by one of China’s top politicians, Zhou Yongkang. Mr Zhou, a member of the all-powerful politburo, was...
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