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MNI China Daily Summary: Friday, September 6

MNI (BEIJING) - EXCLUSIVE: Sliding Chinese iron ore prices should stabilise around USD80-90 a tonne within the year, as steel demand rebounds during the September-October peak season, local analysts told MNI.

POLICY: China should move immediately to fight deflationary pressures via an accommodative monetary policy and a proactive fiscal stance to address economic growth, said Yi Gang, former governor of the People’s Bank of China (PBOC), at the 2024 Bund Summit.

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MNI (BEIJING) - EXCLUSIVE: Sliding Chinese iron ore prices should stabilise around USD80-90 a tonne within the year, as steel demand rebounds during the September-October peak season, local analysts told MNI.

POLICY: China should move immediately to fight deflationary pressures via an accommodative monetary policy and a proactive fiscal stance to address economic growth, said Yi Gang, former governor of the People’s Bank of China (PBOC), at the 2024 Bund Summit.

Keep reading...Show less