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China fiscal front-loading to benefit iron ore more than metals

A potential move by China to revive flagging economic growth through its tried-and-trusted playbook of massive spending on infrastructure is likely to be more supportive for iron ore than base metals, as traditional stimulus projects such as roads, railways and bridges are not heavy consumers of metals.

Shi Weijun
China fiscal front-loading to benefit iron ore more than metals

China barely avoided an economic contraction in Q2 as GDP expanded by just 0.4%, a massive step down from 4.8% in Q1 as Covid lockdowns in the northeastern province of Jilin and the commercial hub of Shanghai...

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