BHPBF - China's Economy: V-Shaped Recovery Or Pent-Up Foreign Demand
Unlike most countries, the emphasis on stimulating the economy in China has been almost exclusively on infrastructure projects. And I agree with the assertion that the vast majority of them serve to improve China's image in the eyes of foreign investors.
The emphasis on infrastructure in China's economic stimulus program has boosted iron ore consumption. Major suppliers of this raw material, such as Rio Tinto, reported China's significant role in counterbalancing the fall in iron ore consumption in Europe and the rest of Asia, which guaranteed them stable financial results for the first half of