At face value, the “war” on pollution and less investment-driven growth reiterated at China’s ongoing National People’s Congress (NPC) does not bode well for commodity demand (or prices). Indeed, we expect further price falls this year. But the rationalisation of some of China’s inefficient state-run heavy industry may ultimately support prices, assuming it actually happens.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services