China's Demand for oil, copper, and other major commodities is growing at robust rates, according to Goldman Sachs. The investment bank observed that China's demand for copper has risen 8% YoY, while appetite for iron ore and oil are up by 7% and 6% respectively, exceeding expectations. The strong demand is driven by the green economy, grid and property completions. China's green economy, particularly the onshore solar installations, is contributing significantly to the surge in demand for metals like copper. Additionally, the recovery in China's manufacturing sector is boosting demand for base metals like aluminum.

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