Miners hit by growing fears over 'hard landing' in China

Mining equities were under pressure on Tuesday on the back of fears of a so-called 'hard landing' in China, as analysts turned more bearish on the outlook for one of the world's biggest consumers of metals.

Mining equities were under pressure on Tuesday on the back of fears of a so-called 'hard landing' in China, as analysts turned more bearish on the outlook for one of the world's biggest consumers of metals.

A growing number of analysts have pared their growth forecasts for China over recent week after it was revealed that the economic powerhouse grew by just 7.7% in the first quarter of 2013. This was the first time that Chinese gross domestic product (GDP) registered four consecutive periods of sub-8.0% growth in at least 20 years.

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