"China has far more steel mills than it needs, a problem made worse by the country’s shrinking housing market, the most voracious consumer of the metal. Companies have scaled back or closed, as domestic steel prices have collapsed.
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The country’s traditional drivers of growth — manufacturing, real estate and local government infrastructure spending — are now among the biggest threats to China’s economy.
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A slowdown in those areas is expected, and even accounted for in the country’s economic outlook.
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“If you look at what companies are suffering the most in China, it is heavy industry,”
Trechos retirados de "For Chinese Economy, Strengths Are Now Weaknesses"
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