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Why ASX iron ore and copper plays should stay positive on China
There have been few narratives as sustained since the end of the Covid investing era as the failure of the Chinese economy to fire up commodity markets. The biggest millstones around the neck of the Chinese economy — though don’t let Prez Xi hear you say this — are its woeful property sales and youth unemployment numbers. Traditionally the engine room of Chinese commodity and economic growth, the real estate sector has been humbled in recent years as waning consumer spending, widespread Covid lockdowns and inconsistent government policy have hammered the industry. Residential floor space sold has tumbled 40% ... (full story)
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- Posted: Feb 12, 2024 11:00pm
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 221
