Guggenheim China Real Estate ETF
In this article, we’ll see what the latest data from China’s property market could mean for iron ore.
It’s vital for iron ore investors to track movements in the Chinese real estate market (TAO). This sector constitutes more than 50% of the total steel consumed in the country.
To track demand for steel and iron ore, it’s important to keep tabs on the developments in the Chinese real estate market (TAO).
China’s new home prices had grown 8.3% year-over-year in August, which decelerated to 6.3% in September.
The sub-index for activity growth in China’s construction sector grew to 62.5 in July 2017—the highest level for this metric since December 2013.
Real estate directly impacts 40 other sectors in China. It’s important for iron ore investors to track China’s real estate growth.
Company & Industry Overviews
In 2016, property prices in China soared about 30.0% due to increased activity in the real estate space.