I wouldn't go as far to say that China's property sector is in the middle of blowing up. There's some downturn yes, but not the end for China.
Chinese demand for steel is becoming a LOT more diversified.The renewable energy spend is offsetting the downside in the property market. China spent $890bn in investment in the clean-energy space in 2023. I suggest long termers have a read of this article below.
https://www.carbonbrief.org/analysis-clean-energy-was-top-driver-of-chinas-economic-growth-in-2023/#:~:text=China's%20%24890bn%20investment%20in,%25%20year%2Don%2Dyear.
Also here...
https://asia.nikkei.com/Business/Markets/Commodities/Australia-s-major-miners-buoyed-by-China-demand-despite-property-crisis
Tony
POWER!!!! Fortescue Future Industries, page-3229
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