China is set to introduce a new stimulus plan to support 10 key industries, including steel, nonferrous metals, building materials, and automobiles. The plan aims to promote equipment upgrades and encourage trade-ins of consumer goods, with the goal of boosting overall economic growth.
This comes at a time when China faces challenges like declining steel demand in 2025 and growing trade tensions, which could affect steel exports and the success of the plan in the steel sector. The new stimulus is part of China’s broader economic efforts, including interest rate cuts and fiscal policies, targeting sectors like real estate, manufacturing, and consumer goods, which are expected to benefit significantly from these measures.
On January 21, 2025, China’s Ministry of Finance carried out a treasury bond market-making support operation, selling a total of 7.7 billion yuan in treasury bonds.
Developing story, stay tuned for the updates.
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