China's Surging Demand for Oil and Copper Sparks Concerns over Chinese Stocks

China's demand for commodities such as oil, copper, and iron ore is booming, surpassing Goldman Sachs' full-year expectations. The strong demand is driven by growth in the green economy, grid and property completions, and the recovery of China's manufacturing sector. China's green copper demand rose 71% in July compared to the previous year, largely due to increased solar installations. The surge in commodities comes despite a faltering macroeconomic growth story in China, with traders seeing commodities as a better bet on marginal improvement in the Chinese real economy.