- “China’s metals demand is plummeting,” says Bloomberg's Kenneth Hoffman, who just completed a tour of the country and came back terrified after seeing idle cranes, empty construction sites, and half-finished buildings in a number of cities. "Demand is rapidly deteriorating as the government slows its infrastructure building and transforms into a consumer economy.”
- “There is a big fear this is going to get worse before it gets better,” says Hoffman. “It’s as bad as the data looks, if not worse.”
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