Despite the lifting of COVID-19 restrictions in China, many consumers are choosing to save more of their income rather than increase spending, due to economic uncertainties and the perception that they need to build up a safety net for potential unexpected events. This hesitancy to spend reflects a long-standing economic model in China that has prioritized investment in property, infrastructure, and industry over empowering consumers to earn and spend more. While the need to rebalance the economy is recognized, transferring economic resources to households would require difficult decisions that might cause short-term economic challenges.

Iron ore investors appear to be holding a somewhat contrarian view amid the property market challenges in China, bidding up the spot price even as the country’s property woes seem to worsen. The belief is that Beijing will take measures to stabilize and eventually boost the property sector…

KoBold Metals, a metals exploration company based in California and backed by high-profile investors such as Bill Gates and Jeff Bezos, is considering potential partnerships as it expedites plans to develop a new copper mine in Zambia. The company, which employs artificial intelligence in its…