With scant demand at home, the remaining mills have looked beyond their borders for business. China shipped a record 100 million metric tons of steel overseas in the 12 months ended in February, a 55 percent increase from the previous year.Imagine what else China might puke, and you'll have a good short candidate.
“I’m sure they are happy that at least somebody is buying it, but I don’t think that this is a strategy that Beijing wants to follow,” said Louis Kuijs, the chief economist for greater China at the Royal Bank of Scotland.
The country’s traditional drivers of growth — manufacturing, real estate and local government infrastructure spending — are now among the biggest threats to China’s economy.
Sunday Night Reading: Economic Reality, CRE, Buffett’s Cash, More
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Here are a few Tweets that caught my eye this weekend. Weekend Reading
Quick Takes “You can’t print money to create a thriving economy, you need
real produ...
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