The chairman of the global mining company giant Lito Group believes that China has recently faced a series of economic challenges, including the real estate industry, but he is still optimistic about the medium and long -term prospects of the industry.
According to Bloomberg, Dominic Barton, chairman of Rio Tinto, said in an interview with Bloomberg TV on Monday (July 10)Going out of the epidemic in China one year later than us. "
He said that there are some challenges in China recently, and real estate problems are very large.
Bao Damin said that the decision -making layer is seeking new balance, and more focuses on high -quality growth."They want to focus on consumers, service industry, etc., but these are not easy to achieve."
"The problem is that you cannot force consumers to buy. When they are confident, they will buy itHe added that Chinese families are currently saving instead of consumption."But in the process of economic development, there are sufficient basic factors that make people feel optimistic about the prospects."
Bao Damin believes that China has the need for continuous urbanization because this will give iron ore demand for the demand for iron oreBring continuous growth.He also reiterated that with the surging consumption of copper, lithium, and nickel, in order to meet the global energy transformation needs, Rio Tinto Group plans to expand the opening of copper, lithium and nickel.
Iron ore fell 13%in the second quarter, eradicating the increase in the first three months.Copper prices also fell, and the three -month period of LME fell 0.5%to $ 8328 per ton (about S $ 1236).
