Rio confident Chinese demand will hold

A face-to-face meeting with Chinese Premier Li Keqiang has given Rio Tinto chief executive Jean-­Sebastien Jacques greater confidence in the strength of China’s economy, even as trade data show a slowing in the country’s growth.

The Australian is reporting that Mr Jacques has revealed he was part of a group that met Mr Xi recently, with the meeting making it “absolutely clear” China was implementing a very targeted stimulus package.

“Having met the Premier of China directly in a smaller group, where we could have a very honest conversation about what are the drivers, what are the stimulus packages they could put in place, what are they doing in terms of infrastructure, subway tubes, light rail, in terms of water, renewal of old cities and so on and so forth, gives me confidence there is lots of fuel in the tank,” Mr Jacques said.

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