The decline in chinas housing and construction market has had a profound knock on effect on chinas steel industry. Due to decreased demand for steel from construction, as huge construction projects around china are reduced to ghost towns by decreased investment, Chinese state owned steel companies have seen their profits drop by almost 96%. The drop in steel prices may be an indicator of things to come; lower steel prices suggest lower predicted g economic growth, and may spell disaster for chinas hopes of continued rapid growth.
Question: Decreased steel exports is an effect of chinas construction market decline.
Options:
A. true, B. false, C. uncertain
Answer: C