China's demand for oil and copper is 'booming,' says Goldman Sachs
Publishing timestamp: 2023-10-02 00:57:01
Summary
China's demand for major commodities, such as copper, iron ore, and oil, is growing at robust rates despite a faltering macroeconomic growth story. The demand is driven by the green economy, grid and property completions, and the recovery in China's manufacturing sector. The surge in commodities is in contrast to the struggling Chinese stock market.
Sentiment: POSITIVE
Keywords: business news, china, goldman sachs bdc inc, goldman sachs group inc, economic events, environment,
Source: https://www.cnbc.com/2023/10/02/chinas-demand-for-oil-and-copper-is-booming-says-goldman-sachs.html