It is not an idle question. For the last two decades, China’s infrastructure spending has been the engine of demand growth for steel, copper, and aluminum prices. So when the South China Morning Post reported that local governments sold 1.94 trillion yuan (US$289 billion) worth of bonds in June to fund infrastructure spending and boost economic growth, markets took note.
The Chinese Government Remains Focused on Infrastructure This news came on the heels of last month’s announcement from the top of China’s State Council. At that…The Commodities To Benefit From China’s Stimulus Plan
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