CHIM - Mainland Chinese Key Dry Bulk Commodities Fundamental Demand Is Projected To Be Stable In 2022

• With the continuing COVID-19 pandemic and the 2022 Winter Olympics dampening the economic development, mainland China's GDP growth in the fourth quarter 2021 was 4%.
• The National Bureau of Statistics said mainland China's GDP grew 8.1% in 2021, partly owing to the low base growth of only 2.2% in 2020. IHS Markit forecasts mainland China's GDP growth for 2022 will be 5.4%.
• Thus in the medium-term point of view for the entire 2022, IHS Markit believes mainland China's iron ore imports will be supported at least until the third quarter of 2022.

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