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Chinese government adopts monetary policies to boost steel demand

18 May 2022 09:57 reported by Joy Liu

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The Chinese government said it must prioritize fiscal and monetary policies in order to stabilize the entire economy. The pressure of high raw material costs and dwindling orders have reduced or delayed the demand for steel. Furthermore, the epidemic condition and project financing were ineffective, causing delays in project completion.

It was predicted that the Chinese government would adopt currency policies by reducing corporate financing costs and broadening enterprise investment channels to accelerate the domestic steel demand and make it rebound more quickly.

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