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A warning signal on China's post-Covid recovery
The story here is as much to do about the outlook for copper prices as it is for the Chinese economy, with the latter also having consequences towards the global growth outlook in general.Chinese copper product makers are saying that they will cut output for Q2 this year, as there is a lack of demand with domestic consumption observing a slow recovery from the pandemic. Adding to that, sluggish exports are also weighing on demand conditions.For some context, China is the world's largest copper c...
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Posted: Apr 27 2023, 07:44
Author Name: forexlive
Views: 111557
