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China’s auto sector faces major reshuffling as subsidies end and sales slump
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Pegatron chairman T.H. Tung said the Federal Reserve’s 25-basis-point cut matched market expectations and would inject more liquidity into financial markets, supporting equities, real estate, and other assets in what he described as a brief global upswing.
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China’s steel engine loses steam, rewrites the iron ore trade map
China’s slowdown, marked by weak consumption, a deep property slump, deflationary pressure, and softer investment, is weighing on steel production. The IMF expects GDP growth to ease to 4.8% in 2025 and 4.2% in 2026. With domestic ore mining falling, steelmakers are turning to cheaper imported low-grade ore that requires higher volumes to produce equivalent output. Taiwanese dry-bulk carriers say this substitution is lifting tonne-mile demand.