China's slowing property sector could have a significant impact on iron ore miners such as Rio Tinto, BHP Billiton, Vale and Moody's. China’s property market is a critical component of seaborne iron ore demand. Imports had rebounded recently as China's economy recorded its highest rate of growth for six quarters, but house building growth has begun to slow as a result of the governments efforts to rein in the property bubble. Cliffs Natural Resources says sales this year will be flat or slightly lower and analysts suggest investors take profits in Chinese real estate stocks.
China's slowing property sector could have a significant impact on iron ore miners such as Rio Tinto, BHP Billiton, Vale and Cliffs Natural Resources. China’s property market is a critical component of seaborne iron ore demand. Imports had rebounded recently as China's economy recorded its highest rate of growth for six quarters, but house building growth has begun to slow as a result of the governments efforts to rein in the property bubble. Moody's says sales this year will be flat or slightly lower and analysts suggest investors take profits in Chinese real estate stocks.