China’s stimulus will not stop metal demand falling

FINANCIAL TIMES 🔒| For commodity markets, China’s annual “Two Session” parliamentary meetings are arguably the most important events of the year. It is when policymakers announce their macro economic objectives and fiscal plans for the world’s biggest consumer of raw materials.

As such the National People’s Congress, as it is also known, can have a big impact on commodity prices — both negative and positive. At this year’s meeting Premier Li Keqiang announced a Rmb6.1tn ($853bn) stimulus package to stabilise the economy following the coronavirus disruptions. That is equivalent to 6.1 per cent of nominal gross domestic product.

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