MNI BRIEF: China Supports Globalisation Despite Turbulence
MNI (BEIJING) - China will continue opening up and working towards a multi-polar and inclusive global economic system, despite the world entering a period of turbulence, Han Zheng, vice president of the People's Republic of China said on Tuesday.
Han, speaking at the International Supply Chain Expo in Beijing, said China's large domestic market with rising consumption levels offers opportunities for international firms. China will promote industrial capacity cooperation with other nations, Han added.
Beijing’s stimulus measures will likely maintain iron ore prices at about USD100 a tonne until 2025, while Chinese exporters rush shipments ahead of any potential renewed trade war with the U.S., a policy advisor recently told MNI. (See MNI INTERVIEW: China Stimulus To Hold Iron Ore Around USD100/t)