23
Dec
09:09
Chinese debt keeps investment down
Chinese bank lending increased rapidly again in 2015, smashing 2014’s record total in the first eleven months of the year, but this has not led to a corresponding increase in investment. The key reason is that Chinese firms and local governments are working hard to control their debt burden. This ushers in a period of financial restructuring which is healthy for the economy but negative for steel demand, Kallanish notes.
Chinese banks loaned CNY 11.1 trill…
This article contains premium data.
It is only available for active subscribers and clients currently
on trial. To continue reading, see the options below.
on trial. To continue reading, see the options below.
Truly global, user-friendly coverage of the steel and related markets and industry that delivers the essential information quickly while delivering on most occasions just the right amount of between-the-lines comment and interpretation for a near real time news service of this kind.
Anonymous
Very good overview of the weekly steel market.
Anonymous