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After Evergrande: China’s property developers face ‘darkest hour’ before dawn

Demand for metals will continue, but at a slower rate, according to experts, as investors look ahead to impact of the ‘common prosperity’ policy

Bank of China International's Amelia Xiao Fu was speaking on a panel at the London Metal Exchange’s first in-person conference since 2019, discussing the role of China in the global metal markets
Bank of China International's Amelia Xiao Fu was speaking on a panel at the London Metal Exchange’s first in-person conference since 2019, discussing the role of China in the global metal markets

Property developers in China are facing their toughest hours on the back of the Evergrande crisis, but the market can’t lose focus yet because the saga still has months to run, according to the head of commodity markets strategy at Bank of China International.

“For Evergrande, it’s certainly facing a very challenging time,” said Amelia Xiao Fu. “The most important question to ask in the next three to six months is whether Evergrande can achieve [an] orderly and smooth restructuring. So that’s what the market should be watching.”

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