#China‘s major construction machinery firms sold 17,345 #excavators in Jul, lowest since Mar 2020, down 9.24% y/y, said China Construction Machinery Association.
Domestic sales fell 24.1% y/y, down for 4th straight month and overseas sales rose 75.6%.https://t.co/vVS0O9qEIi pic.twitter.com/AZxfceWlCd— YUAN TALKS (@YuanTalks) August 11, 2021
Another bearish iron ore signal
David Llewellyn-Smith
Wednesday 11 August 2021
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About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal.
He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.
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