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Goldman Sachs: China's metal demand "hard landing"

Author: ComeFrom: Date:2022/8/20 17:50:16 Hits:306
China's statistics have brought various difficulties to analysts, not to mention a US diplomatic cable showing that Li Keqiang, the current Chinese Premier, once called them "man made" data.
According to data from Beijing, China's economic growth rate in the second quarter of this year was 7. However, some commodity prices, especially metal prices, have fallen to six-year levels. This makes analysts want to make a new attempt to calculate how much Chinese metal demand has dropped. China is the world's metal consumer.

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