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CPER - Evergrande Crisis And China's Property Market In General Could Have Significant Impact On Metals Prices
United States Copper Index Fund ETV
Anyone following the financial papers cannot have failed to read lurid reports regarding China’s Evergrande construction company, which appears on the brink of collapse.
A significant portion of China’s steel industry exists simply to serve the construction sector.
As Beijing tightens the screws on lending to property companies, national GDP growth will slow. In turn, so will metals consumption.