A piece in the South China Morning Post on Chinese air pollution caught my eye for a different reason:
- Various big metals factories in and around Beijing kept up production over the Lunar New Year ... according to a researcher affiliated with the Ministry of Environmental Protection (Chai Fahe, from the Chinese Research Academy of Environmental Science)
- Shanghai-based news site Thepaper.cn quoted Chai as saying that many small and mid-sized manufacturers shut down over the holiday but some big factories continued production
- "Some manufacturers may have even stepped up production because of demand for steel and electrolytic aluminium"
(bolding mine)
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News of higher demand in China will be viewed as a positive input for the Australian dollar. Something to note.
