13126
China Housing Market Slows
World Economy

China Housing Market Slows

Pacific Investment Management Co. sees little growth potential for steel demand in China as the housing market slows, hurting the outlook for the global industry and iron ore prices. Goldman Sachs Group Inc. said output will drop, Bloomberg reported. “The years of huge growth in China’s housing development market are over, spelling tough times over the long-term horizon for global steel-making,” Raja Mukherji, head of Asian credit research, and analyst Emily Au-Yeung wrote in an e-mailed report received on Friday. At best, steel demand in the country may expand in the low single digits this year, they wrote. China grew at the weakest pace since 1990 last year and is set to slow further in 2015.

 

Short URL : http://goo.gl/usRWUM

You can also read ...

French Foreign Minister Jean-Yves Le Drian addresses CEDRE Conference in Paris on April 6, with Lebanese Prime Minister Saad Hariri on his right.
With the FIFA World Cup over and French victory secured,...
Handout picture shows IMF Managing Director Christine Lagarde on a screen as she speaks  during the G20 meeting taking place in Buenos Aires, on July 21.
The International Monetary Fund warned world economic leaders...
Dubai’s new business licenses in the second quarter of 2018 were down 26% from the same period in 2016.
In Dubai’s posh Jumeirah Beach residence district, luxury...
IFC to Inject $2 Billion in Egypt’s Private Sector
International Finance Corporation, a member of the World Bank...
Germany Lifts Turkey Sanctions
Germany has lifted economic sanctions on Turkey and relaxed...
Australia  Faces Massive Economic Crash
Australia is facing an economic shock akin the global...
Algeria Trade Deficit Sharply Down
Algeria’s trade deficit declined by 83.6% to $490 million...
According to a survey, 75.3% are facing difficulties in running their businesses this year.
South Korea’s major business lobby said Sunday it will file an...

Trending

Googleplus