China’s stuttering economy is now the biggest threat to global commodities demand, as economic activity and credit flows in the world’s top buyer deteriorate sharply and put Beijing’s modest growth targets at risk. Commodities have so far held up better than other assets as the economy has worsened. Freed from the constraints of the pandemic, fuel consumption has risen.
How China’s Faltering Growth Threatens Global Commodities Markets
Bloomberg News, Time: World
Wed, 08/23/2023 - 12:30am
Topics: beijing&rsquo china says its focus economy it&rsquo clear politics can be put aside base metals january wang rong guotai junan futures goldman sachs group inc as anz group holdings ltd iron steel seasonal steven yu mysteel china spent years lending low-income that s becoming problem ldquo;while atilla widnell navigate crude oil domestically gas asia might be good news clean energy pork national day october chinese new year china&rsquo beijing read base july crude growth markets global commodities demand imports consumption recovery activity economic fuel industrial coal stockpiles property prices health pandemic stimulus diesel expected month copper exports furnaces summer weak lifting deflation shipments remains supplies running replenish government’s construction left meat blast spending food big case yuan dropped ore margins inventories fabricators analyst sector profits aluminum
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