The Big Call

Steel’s dog is set to bark

  • Published 17 Apr 2009

With fixed asset investment surging and a number of infrastructure projects getting underway, why are steel prices still down in the dumps? China Confidential investigates.

So…we are told that fixed asset investment in Q1 this year rose 28.6% – accelerating from a pace of 26.5% in January/February. The volume of property transactions is also surging nationwide. The long list of planned infrastructure projects that China Confidential monitors continues to show projects progressing from drawing board to implementation. Car sales rose to a record monthly high in March. Loan growth is flying into the stratosphere.

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China Confidential Funds, a new research service launched by FT China Confidential, is dedicated to illuminating the mainland fund industry. Our team of fund industry experts in Shanghai search out the interesting trends in fund performance, strategy, interactions with overseas funds, regulatory changes, distribution and management. We also use a proprietary system to track the emerging flows of Chinese money. Click here to find out more.

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