17
May
17:07
Chinese real estate caught in April storm
China’s real estate sector took another beating in April, according to the latest official data. While Covid-19 lockdowns are largely to blame, there is concern they are simply masking deeper problems in the sector, Kallanish notes.
Completed real estate investment over January-April was down 2.7% year-on-year at CNY 3.915 trillion ($579 billion), the first year-to-date y-o-y decline since May 2020, according to the National Bureau of Statistics (NBS). Howev…
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Anonymous
Very good overview of the weekly steel market.
Anonymous