China commodity stuff

Deutschebank makes bearish sounds on China commodity appetite on this PDF link. Here's how the top page blurb starts:

"We believe commodities complex could face ongoing headwind in the near term as the macro-economic environment appears likely to remain challenging, with political/social/financial instability leading to elevated risk perceptions which in turn lead to lower growth."

Meanwhile Andy Home of Reuters, who is simply a must-read on metals, makes "hey, really not that bad" noise on copper imports here. The piece is more nuanced though and aims towards the thought that China is using copper as a store of wealth. That's a high-stakes game.

And here's a Reuters chart on China GDP and exports growth:

PS: Let's stick up the copper imports chart as well. Good perspective in visual form: