China's producer prices continued to fall in July but the decline has kept narrowing as economic activities recovered amid effective epidemic control in the country, official data showed Monday.
Oversupply concerns weigh heavily on the steel sector in China as some 80 million metric tons of fresh capacity will hit the market this year amid dwindling demand due to the COVID-19 epidemic, an industry expert said.
Information from the RBA's capex survey and the bank's liaison programme indicate that investment is expected to increase slightly over the year ahead as work on iron ore and coal projects increase.