Pressure On Industry To Continue - Herald

Industrial firms linked to the real estate sector will continue facing pressure in H2, according to industry analysts interviewed by the 21st Century Herald. Upstream companies will be most impacted, especially steel, cement and glass, according to Zhou Maohua, a macro researcher at China Everbright Bank. Wang Guoqing, director of the Lange Iron and Steel Research Center, said hot and rainy weather over the summer will impact steel firms and hamper construction projects. The economy’s insufficient demand remained the concern for the current industrial recovery, the Herald said. (Source: 21st Century Herald)