The National Development and Reform Commission of the People's Republic of China (NDRC) is the 'state planner'
- July power usage up 2.3% y/y
- 11 fixed asset investment projects approved in the month, 32.8bn yuan in total
State support is a key factor underpinning the Chinese economic recovery. You can expect more infrastructure investment ahead. Keeping up demand for commodities such as iron ire (and thus prices)
