The peak of China's real estate investment in GDP occurred in 2013, it was 13%, same period Iron Ore price was as high as 820cny,
After 2013, the proportion of overall real estate investment in the entire economy began to decline rapidly. It may drop to around 5.5% in 2024.
as today Iron Ore price is 800- cny,
a lot of people do believe it will go down as low as 600+cny which is around 85usd, so, just beware..
so far the central government hasn't come up with any meaningful stimulate packages after the NPC meeting this week. no one knows why and what are they waiting for.
it is not like the country is running out of money, far from it, Statistics from the State Administration of Foreign Exchange show that as of the end of February 2024, Chinese foreign exchange reserves is US$3.23 trillion, came first in the world 2.5times of second place Japan,The balance of RMB deposits is US$40.26 trillion, and a US$17.52 trillion gdp last year
sooner or later they will release these money , and we will benefit from it.
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Last
$17.32 |
Change
-0.840(4.63%) |
Mkt cap ! $53.32B |
Open | High | Low | Value | Volume |
$18.22 | $18.27 | $17.26 | $202.6M | 11.43M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 4600 | $17.31 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$17.33 | 396 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 4600 | 17.310 |
17 | 16956 | 17.300 |
4 | 10009 | 17.290 |
14 | 5483 | 17.280 |
9 | 10125 | 17.270 |
Price($) | Vol. | No. |
---|---|---|
17.330 | 396 | 1 |
17.340 | 13202 | 1 |
17.350 | 12563 | 1 |
17.360 | 11677 | 1 |
17.400 | 2325 | 4 |
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