From Reuters today

"Cyclical shares such as heavyweight miners rose, lifted by a report saying China would fast-track approvals for infrastructure investments to reverse a slowdown in economic growth.The Conference Board leading economic index for China, released overnight, rose month-on-month and is 11.7 percent higher than a year ago, a pace of growth that has accelerated each month."

Rago - it is hard to reconcile that 11.7% growth with other reports I have been reading that China's metal warehouses are overflowing (esp. iron ore) and they have cancelled and even are reneging on metal delivery contracts. However Reuters is usually pretty reliable, and maybe China will have a soft landing after all.