Take Your Trading To The Next Level. Get Started Here!

FACTBOX: China’s property downturn stokes fears about commodities demand in 2024

February 1, 2024 Comments Off

China’s property market, a key driver of the country’s economic growth and commodity consumption, received yet another headwind with a Hong Kong court on Jan. 29 ordering debt-ridden property development giant, China Evergrande Group , to liquidate after failing to reach a restructuring deal with creditors. The property sector accounts for a significant portion of China’s consumption of steel, aluminum,…