The importance of the Chinese economy
(PresseBox) - China s real estate sector is currently in the spotlight.
While China s export and production capacities are immense, the real estate market still accounts for nearly 30 percent of China s GDP, making it an important factor for growth. Covid constraints and lower population growth were making themselves felt. The recovery of the Chinese economy expected by most industry experts for this year has not yet taken place. And at the center of the crisis is the real estate sector. With property prices falling, supply outstripped demand, not a good situation for developers. Insolvencies and defaults are thus getting closer. In addition, investment funds had been keen to invest in the real estate sector, which is now causing problems.
China s economy is far from collapsing after all. Countermeasures are being taken to get the economy back on track. Economic growth of five percent is still expected for this year. China is actually the world champion in exports, but there has been a decline here. This is not least because markets such as Germany are in recession. Another problem that China is facing is high youth unemployment, which stands at around 20 percent. But here, too, the government is trying to counteract this. However, many countries are focusing on the long-term market opportunities and are investing heavily in China.
From Germany, for example, around 16.4 percent of total German direct investment flowed to China in the first half of 2023, according to the Institut der Deutschen Wirtschaft. If the Chinese economy recovers, commodities such as copper should also boom again. Aurania Resources and Torq Resources, for example, have copper and gold in their projects.
Aurania Resources - https://www.commodity-tv.com/ondemand/companies/profil/aurania-resources-ltd/ - owns The Lost Cities-Cutucu flagship project in Ecuador, among others.
Torq Resources - https://www.commodity-tv.com/ondemand/companies/profil/torq-resources-inc/ - has prospective interests in Chile, such as the Santa Cecilia project.
Current corporate information and press releases from Torq Resources (- https://www.resource-capital.ch/en/companies/torq-resources-inc/ -) and Aurania Resources (- https://www.resource-capital.ch/en/companies/aurania-resources-ltd/ -).
In accordance with ?34 WpHG I would like to point out that partners, authors and employees may hold shares in the respective companies addressed and thus a possible conflict of interest exists. No guarantee for the translation into English. Only the German version of this news is valid.
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Unternehmensinformation / Kurzprofil:
Datum: 28.09.2023 - 01:44 Uhr
Sprache: Deutsch
News-ID 691839
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