Chinese Investment In U.S. Falls Dramatically
- Chinese investment in the United States fell 90 percent to $1.8 billion during the first five months of 2018 compared to the same period last year.
- China’s economy expanded at a 6.7 percent rate in the second quarter of 2017, down from the previous quarter’s 6.8 percent.
- According to American Metal Market (AMM, subscription required), China’s exports of unwrought aluminum and aluminum products in June increased 5.2 percent from May 2018 to June 2018 and 11 percent from June 2017 to June 2018.
- AMM also reported last week that China’s crude and finished steel output also both increased in June. Crude production increased six percent in the first six months of 2018 compared to the same period in 2017. Finished steel output also rose six percent.