| A price retreat in Chinese markets for rough metals, including iron ore, steel, and reinforcing steel, or rebar, likely reflects deeper growth concerns for the world’s second-largest economy, not just short-term market machinations, said analysts. Similar indications emerged in a weekend release of Chinese economic data.
“China released a raft of data that reignites doubts about the nation’s economic stabilization. Fixed asset investment, retail sales and industrial production all missed expectations and slowed in April, suggesting that the upbeat March prints were not descriptive of the underlying trend in economic activity,” said Charalambos Pissouros, senior analyst at IronFX global...............................................Full Article: Source
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