China’s Economy Still Looking Worryingly Weak, Key Data ShowsA key economic indicator continues to show weakness in ChinaSteel production in the second largest economy was down 6.5% in the first six months of the year versus the same period a year earlier, according to World Steel Association data. This century China has become one of the key manufacturing centers of the world. Another way to look at the Chinese steel situation is to compare it o what’s happening in Russia. The main one would be the COVID-19 lockdowns earlier this year in some key manufacturing centers such as Shanghai. This likely means the Chinese economy will continue to weaken.

Source: Forbes August 06, 2022 04:28 UTC