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December 26th Macroeconomic Index: China's Steel Production and Inventory Trends, Banks Reduce Deposit Rates

May 29, 2024, 11:58 AM
TDD-global
6291
In mid-December 2023, China's iron and steel enterprises produced 19.2892 million tons of crude steel, 18.1456 million tons of pig iron, and 19.6134 million tons of steel. Several joint-stock banks reduced deposit interest rates by 25 basis points in 3-year regular adjustments. The inventory of deformed bar increased by 1.0% from the previous month. China plans to revise the Frontier Health and Quarantine Law to enhance public safety.