Tag: Chinese steel production drops 4% y-o-y in Jan-Oct’25 on sustained housing slump

China, the world’s second-largest economy, is showing signs of a structural transformation and is slowly emerging as a more services- and consumption-led economy in stark contrast to its traditional reliance on infrastructure development and construction oiling the engines of economic growth. Likewise, in manufacturing, priority has shifted to the high-end sectors and tech-driven growth vis–vis…