Why Top Miner BHP Reckons China’s Economy Is Poised to Improve
- World’s No.2 economy ‘already responding’ to stimulus
- Supplier of iron ore, copper just posted highest profits ever
This article is for subscribers only.
BHP Group, the world’s biggest miner, unveiled a record profit on gains in prices of commodities from coal to nickel, and offered some optimism on Beijing’s efforts to reboot Chinese growth and stabilize the ailing property sector.
China’s infrastructure and automotive sectors are “already responding to policy support,” although a rebound in housing activity is expected to take longer, the producer said.