Rutvij Shah

Toronto, Canada

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Rutvij Shah
Posted almost 3 years ago
Is China really slowing down or has it simply chosen to focus on its domestic market instead of relying on exports?
Interesting perspective. China's growth in terms of GDP is reducing from an avg 10% PA down now to about 7.6. That growth is still substantial. Beyond this; China's imports have slowed simply because they have purchased enough to sustain their long term plans for this year. It is a common practice in china. I sell raw materials to Chinese mills and foundries; and their orders have nearly evaporated. Were once they were buyers for about 1000-2000MT per month, now they are buying about 100-200 mt simply to keep material flowing or keeping relationships. The Chinese government is also the largest holder of prime metals in the world. This would have something to do with a reduction in prime imports as well.