From MoneyMorning
By Dr. Alex Cowie
''With bank lending drying up, Chinese construction will soon STOP.
This has loads of follow-on effects.
For instance, the Chinese property market accounts for 40% of Chinese steel consumption.
So if Chinese property building grinds to a halt, there could up to a 40% drop in steel demand on the horizon. And that’s not even looking at the potential falls in steel demand for car production, infrastructure and the other industries that take the remaining 60%.''
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