18 reported that the financial, Roberto Castello Branco, Brazil's CVRD (Vale SA), the world's largest iron ore supplier, Director of Investor Relations, recently said in an interview with the well-known financial media, with the economic slowdown, China's "golden age"has passed.
 
Branco said to see the early signs of China's economic recovery, but the signal was very weak. At the same time, he expected China's economy began to recover at the end of the year. According to statistics, the CVRD the second quarter iron ore exports to China accounted for 44% of its total exports.
 
But he added: "We will not see 10% to 12% in such a spectacular average annual economic growth rate, the golden age is over."
 
In addition, he said: "We are not pessimistic on China, but not the overall optimism, we are only seeking truth from facts."



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