China will increase the purchase of iron ore

China plans to increase the amount of iron ore acquired in the global sea market in the coming months, since investments in infrastructure, in particular, are gaining momentum in the construction of railways.

Currently, China consumes more than 60 percent of the total volume of the global iron ore market. An annual iron ore consumption in China is predicted at the level of 1 billion tons, which is 15 percent more than a year earlier. The production of steel in September required a record 74.58 million tons of iron ore, which is 8 percent more than in August of this year.

The investment program will be the main driving force of the Chinese economy. As a result, even minimal stimulation by the government, as experts predict, investment will continue to increase until the end of the year, since economic prospects have recently become more rainbow. The statistics bureau reported that as of the end of September, investments in fixed assets increased by 20.2 percent in an annual comparison of up to 30.9 trillion. CNY in general.

At the same time, it is interesting that private investors invested 19.6 trillion. CNY in fixed assets, which is almost twice as much as in state property of investors. At the same time, the volume of investments in less developed central and western provinces grew at a faster pace than in the eastern coastal provinces of China.