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A supercharged China could turn up the heat on global commodities

From woodmac.com

The Chinese economy is expected to grow by 5.5% but could grow by as much as 7% in 2023 as the country bounces back from three years of lock-down caused by the Covid pandemic according to a new report by Wood Mackenzie. China is the largest importer of almost every commodity on the global markets and ‘The Great Reopening’, a new Horizons report published today, looks at the expected impact that the Asian powerhouse’s re-emergence from the Covid pandemic. It offers both base case and high case scenarios for the Chinese economy and global commodities such as oil, gas, metals, and coal. “Faster -than-expected Chinese ... (full story)

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  • Category: Fundamental Analysis