So China's been bragging the last couple of days about how they have manipulated the price of Iron ore down. But Australia's just having a little chuckle and thinking here we go again. Most of the experts in Aus believe all they have done is deter speculation in futures, running down their reserves slightly, which creates short term price falls, but then they shoot themselves in the foot as this increases volatility and uncertainty, panicks the steel producers in China, creating price spikes in the future, and having completely the opposite effect.
Already it seems like the effect wearing off. China really doesnt understand capitalism?
https://twitter.com/CommSec/status/1407435111390273538