0208 GMT - The CEO of miner BHP says he saw "a heightened level of confidence" within China in the economic outlook during a recent visit to Beijing. "Of course, there's headwinds," Mike Henry tells a shareholder presentation. "But, what struck me, is there is well thought through, coherent policy in respect of about how they go about kick-starting consumption there." Henry reckons there's some stability--and even green shoots--in China's troubled real-estate sector. BHP sees potential "for that sector to build a bit of momentum moving toward the end of this calendar year and into next calendar year," he says. The miner remains optimistic about China's economy in the medium to long term, and the positive tailwind that will give to commodity demand, he adds. (rhiannon.hoyle@wsj.com; @RhiannonHoyle)
(END) Dow Jones Newswires
March 30, 2025 22:08 ET (02:08 GMT)
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