Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website
Subscribe CustomBlackClose

Belt & Road Weekly Subscription Form

download_pop

Research ReportCustomBlackClose

The full edition of the report is available at Xinhua Silk Road Database. You can click the “Table of Content” to have a general understanding of it.

Click on the button below to create your account and get immediate access to thousands of articles.

Start a Free Trial

Xinhua Silk Road Database
News for Outlets

China's economic recovery to shore up global commodities market: BHP

February 24, 2023


Abstract : Australian multinational mining giant BHP Billiton Ltd. (BHP) has predicted in its recently-released operating bulletin that with the expected economic recovery in China this year, the global demand for commodities will be boosted, reported Shanghai Securities News Thursday.

photo.jpg

Aerial photo taken on Dec. 18, 2021 shows a container ship by the Pacific international container terminal at the Tianjin Port of north China's Tianjin Municipality. (Xinhua/Zhao Zishuo)

BEIJING, Feb. 24 (Xinhua) -- Australian multinational mining giant BHP Billiton Ltd. (BHP) has predicted in its recently-released operating bulletin that with the expected economic recovery in China this year, the global demand for commodities will be boosted, reported Shanghai Securities News Thursday.

China will be a force of stability on the demand side of commodities, said BHP CEO Mike Henry, noting that with the country's pro-growth policies, China's economic recovery is expected to be further consolidated in the first half of 2023, and the country's steel output might exceed 1 billion tonnes for the fifth year in a row.

China is the world's largest consumer of metals, and BHP is full of confidence in the country's economic recovery prospect which is definitely favorable for commodities markets, stated Mike Henry, adding that the stronger demands in China and India will provide a stable balance for global trade with some other major nations expericing economic headwinds. 

(Edited by Gu Shanshan with Xinhua Silk Road, gushanshan.1987@163.com)

Scan the QR code and push it to your mobile phone

Keyword: commodities Chinese economy BHP

Most Read

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to [email protected] and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial

Ask Us A Question belt & road login close

If you have any questions, please enter them in the box below.

Identifying code Reload

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to silkroadweekly@xinhua.org and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial