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
Add FMG (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$23.18 |
Change
-0.240(1.02%) |
Mkt cap ! $71.60B | |||
| Open | High | Low | Value | Volume |
| $23.46 | $23.49 | $23.16 | $19.40M | 819.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 28 | 5008 | $23.17 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $23.18 | 1388 | 9 |
View Market Depth
| Last trade - 11.20am 14/06/2024 (20 minute delay) ? |
|
|||||
|
Last
$23.15 |
Change
-0.240 ( 0.85 %) |
||||
| Open | High | Low | Volume | ||
| $23.47 | $23.49 | $23.13 | 169224 | ||
| Last updated 11.40am 14/06/2024 ? | |||||
| FMG (ASX) Chart |