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