China to Step up Investment in Manufacturing in 2023, to Benefit Steel Demand

Telah Terbit: Mar 8, 2023 16:31
Cash flows at Chinese enterprises are expected to improve due to the release of policies to stabilise growth.

Cash flows at Chinese enterprises are expected to improve due to the release of policies to stabilise growth. It is expected that the annual growth rate of investment in manufacturing in 2023 will be higher than that of last year. The steel used in automobiles, ships, home appliances, and construction machinery represented by the manufacturing industry will increase year-on-year.

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China to Step up Investment in Manufacturing in 2023, to Benefit Steel Demand - Shanghai Metals Market (SMM)