Chinese factories to face headwinds in next phase of post-lockdown recovery
Prices of copper and steel have surged and share prices for Chinese blue chips struck five-year highs, as state-funded infrastructure projects drove up production of cement, steel and non-ferrous metals. Railway investment, for example, soared 11.4% in April-June from a year earlier versus a 21% drop in the first quarter. Industries also gained from pent-up … Read more