Morning Bites (part 4)

🏗️China is to spend USD1.8tn on construction projects, Bloomberg reports. About two thirds of China’s regions have announced massive spending plans for transportation infrastructure, energy generation and industrial parks this year. Meanwhile, the recent data on China Construction Business Activity surged sharply in March, and hit its highest level (65.6 vs. the 10-y avg. of 59.2) in more than a decade. Overall, the large-scale construction might boost the demand for industrial metals, which would support our positive outlook for the commodities

#global
https://metals-wire.com:3000/news-reports