The newest report showed that the economy in China grew by 5.3% in the first quarter of 2024, which was above the previous expectation. The retail sales rose continuously for the 14th month. Online Chinese retail is particularly outstanding.
Deutsche Bank analysts said the imposing manner picked up at the beginning of this year, which could continue in the coming months. The iron ore on DCE (Dalian Commodity Exchange) has had a rapid rise in recent days and reported gains of more than 4% on April 17.
The improvement of global market affection and the push of China's economy are deemed as the main reasons for the price increase. Looking at each part in detail, some media indicated that under this situation, real estate still cumbers the general economy, while exports have shown strong recovery power.