| Prices for iron ore and other commodities exposed to China’s building sector will remain under pressure this year as construction falls and the Chinese government holds firm in its push to become a more services-orientated economy, a leading economist has warned.
Ahead of UBS’s annual conference beginning in Shanghai today, the bank’s chief economist for China, Wang Tao, said the nation’s property construction “adjustment” would continue this year as developers lighten inventories to improve cashflow...............................................Full Article: Source
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