"Teck Resources presentations [Ed. Registration required] are interesting, obviously 'they talk their book' but the difference between perception (about China) and reality how Teck Resources experience it is striking, it helps maybe also that the China Sovereign wealth fund has a stake in the company.

"Having spend a few months travelling in China and planning for early summer next year another 3-month travel in China ( 3 weeks in Beijing and rest of the time North east of Beijing this time) it confirms again the difference between what you see and what you hear.

"Obviously I have no doubt that it will be somewhere in the middle and to be clear about it I am substantially invested in China and China related shares (like Wilmar F34.SI Noble N21.SI O32.SI), funds (Atlantis China Fund Atlantis Healthcare Fund etc) and fascinated with China and the Chinese people.

"That reminds me that Epure EGE.SI has changed there name in Sound Global (not sure what that name has to do with water treatment!) the chart has not been updated after the name change."

Eoin Treacy's view Thank you for this informative email. Teck have an inside line into Chinese demand for basic resources so while they probably are talking their own book, I do not wish to ignore, a credible China bull in the midst of quite concerted bearishness. My family and I are going to China next week, spending a week in Shanghai and two weeks in Beijing. I'm looking forward to getting reacquainted with all the country has to offer.

Teck Resources shares have been relative performers since March last year but this pullback is the largest since late 2008. Prices continue to firm in the region of the February low but given the extent of the technical damage sustained, some additional support building is probably required before a move to significantly higher levels could be justified. A sustained move above C$37 would confirm support in this area.