well the above mentioned article goes on data over the past 12 months.
The emerging cracks in China have only started in the past couple of months.
Steel prices have been sliding for 11 consecutive weeks. Granted they've only fallen a nominal 15% so far.
But guess what two commodities are used to make steel !! Yep our big two.
Its estimated their are now 64.5million empty apartments and houses in Urban China. Looks like they'll have to find something else to build now.
Perhaps an underutilised freeway, underutilised bridges, underutilised rail.
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