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Morning Bites (part 3)

🏗️China is considering new measures to support its property sector and boost the economy, Bloomberg reports. As the local real estate segment remains stressed in 2023, Beijing is working on a new support package. According to a Bloomberg source, Chinese regulators are considering reducing down payments, as well as lowering agent commissions on transactions. Although the timing and volume of the new measures were not specified, they might bolster China’s construction activity and the demand for industial metals (together with the plans for massive infrastructure projects in 2023). The country represents 52% of global steel consumption, as well as 55% and 58% of world copper and aluminium demand, respectively

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