If China's Juggernaut Stumbles, Mining’s Golden Era May Come to Screeching Halt

Source:

Standard & Poor's Tuesday forecast that "despite all the euphoria the China juggernaut will inevitably slow down," a situation that could have a profound negative impact on the earnings and credit health of Australian resource companies - and by implication on resource companies worldwide.

Standard & Poor's Tuesday forecast that "despite all the euphoria the China juggernaut will inevitably slow down," a situation that could have a profound negative impact on the earnings and credit health of Australian resource companies - and by implication on resource companies worldwide.

Nevertheless, Primary Credit Analyst May Zhong and Secondary Credit Analyst Anthony Flintoff, both of Melbourne, said Australia's "heavyweight resource companies...are sufficiently diversified to weather a Chinese downturn."

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