TSX:IVN - Post Discussion
Post by
Dragonflyinvest on Sep 27, 2024 8:23am
China’s industrial profits drop 17.8%
China’s Industrial Profit Decline Threatens Global Commodity Demand and Prices
Key Points:
Mining and oil industries hit hardest, with mining profits down 9.2%—deflation risks loom for global markets.
China’s industrial profits drop 17.8% in August, signaling weaker commodity demand and possible deflationary trends.
Energy and materials sectors may see declining prices as China’s industrial slowdown reduces global demand.
U.S. companies like ExxonMobil, Apple, and Caterpillar could be impacted by China's weakening economy.
China’s economic woes may trigger a global commodity oversupply, pressuring key U.S. stock sectors.
As the world’s second-largest economy, China is a major consumer of commodities. A decline in industrial profits often reflects broader economic challenges, potentially signaling weaker demand for raw materials like iron ore, copper, and oil.
China’s economic struggles present clear deflationary signals. Weak consumer demand, excess industrial capacity, and falling producer prices point to a broader trend. This could impact global supply chains and countries relying on raw material exports to China.” China’s Industrial Profit Decline Threatens Global Commodity Demand and Prices | FXEmpire
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