BHP sees Chinese economic ‘green shoots’ stoking demand
Resources giants say a Chinese economic revival is clearly under way with BHP chief Mike Henry declaring “green shoots” in the lending and property sectors that could stoke demand for commodities, while Alumina Limited chief Mike Ferraro likened the recovery to “a slingshot”.
After reporting a 32 per cent slump in half-year earnings, Mr Henry said that “pent-up demand” was being unleashed in China following extended pandemic lockdowns, and he was optimistic that Australia’s biggest trading partner could offset economic weakness in developed markets like Europe.
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