Downer shares surge on rising profit and sales as Chinese demand for cheaper, more abundant raw materials prompts more money to come into the industry
China has now become the world’s biggest customer of the $7.5 trillion Chinese industrial output, according to figures released this week, adding weight to industry analysts’ predictions that this will prove to be as lucrative a market as ever.
The latest figures show that Chinese manufacturers 바카라사이트are now spending $14.5 trillion on new manufacturing in 2015 – almost six times the $2.5 trillion spent on foreign factories in the same year last year. They show that the boom has begun to reach a saturation point, with China’s trade deficit with the world total more than doubling in just five years.
As a result, the price of iron ore, the metal needed to make steel and concrete, have risen more than 150 per cent in the last year and m카지노 사이트ore than 300 per cent in the past five.
As a result, the price of iron ore, the metal needed to make steel and concrete, have risen more than 150 per cent in the last year and more than 300 per cent in the past five. The rise in iron ore has been fuelled by a sharp decline in the Chinese dollar. China exported $9.1 billion of steel last year, rising from $2.5 billion in 2007. That was by far the biggest increase in the price paid for steel in three decades. Chinese steel exports are now worth $30 billion a year
At first glance, this would look like good news for the Chinese market, which sees domestic investment largely at home. But this is not the case, as steel exports rise for reasons which many economists regard as deeply misguided. Steel imports from China have fallen from $100 billion a year to just $30 billion so far this year, although that is only becau더킹카지노se steel is available by the hundreds of thousands at bargain rates. Some of the steel is being exported from China to the US, which is experiencing its worst crisis in decades and will have to wait for months and even years to have the metal processed properly.
China is now the world’s biggest customer of the $7.5 trillion Chinese industrial output, according to figures released this week
In February, steel imports fell by the largest one-day percentage since the late 1990s as the US struggled to respond to the collapse in the currency. At the same time, US exports of refined product were up 16 per cent. The sharp drop in US imports followed a strong increase in refined product imports.