Dryblower: China's iron ore price cutting plan doomed to fail

GOVERNMENT interference in markets never ends well but Dryblower can’t remember two worse examples than China’s latest plan to try and control the iron ore price and the Australian government’s attempt to control power prices.

Dryblower: China's iron ore price cutting plan doomed to fail Dryblower: China's iron ore price cutting plan doomed to fail Dryblower: China's iron ore price cutting plan doomed to fail Dryblower: China's iron ore price cutting plan doomed to fail Dryblower: China's iron ore price cutting plan doomed to fail

It's early days in both cases but it can be argued that the effect so far of government activity is the opposite of what was intended.

What a surprise (not).