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04 Feb
00:00

China plans $2.44 trillion investment with private partnerships

China could see over Yuan 15 trillion ($2.44 trillion) in investments at a local level this year, more than the entire national budget in 2014, according to local government investment plans. The exact effect on steel demand remains uncertain however, as many of the details of the investment still have to be agreed and many of the investments will require little steel, Kallanish notes. Across the 14 provinces which have announced their plans, Henan, Fujian a…
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