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Starting August 1, China will remove export tax rebates on 23 steel products including carbon and alloy steel cold-rolled coils, galvanized, galvalume, coated sheets, tinplates, electrical steel, steel rail, and seamless pipes for the oil and gas industry, according to the joint announcement by China's Ministry of Finance and State
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China’s power supply has been under serious test since the start of 2021, firstly in winter because of the extremely cold weather in some regions together with the surging power consumption in many industrial sectors as a result of heavy government spending and fixed asset investments to cushion the domestic economy from the blow of the COVID-19.
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China's raw coal output grew by 6.4% on year to 1.95 billion tonnes over January-June, among which the volume for June fell 5% on year to 323.2 million tonnes, as for coke, the output for the first half of 2021 approximated 237.1 million tonnes, or up 4.1% on year, while
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Over January-June, China's fixed asset investment (FAI) grew 12.6% on year to Yuan 25.6 trillion, among which that in the property market grew 15% on year to Yuan 7.2 trillion, according to the release by the country's National Bureau of Statistics on July 15. A detailed report will be posted
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China's gross domestic product (GDP) grew 12.7% on year for the first half of 2021, approximating Yuan 53.2 trillion ($8.23 trillion), and for the second quarter of 2021, the GDP grew 7.9% on year, according to release by the country's National Bureau of Statistics (NBS) on July 15. A detailed
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For the first half of 2021, China’s foreign trade value increased 27.1% on year to Yuan 18.07 trillion ($2.79 trillion), among which exports surged 28.1% on year to Yuan 9.85 trillion and imports up 25.9% on year, according to the data released by the country’s General Administration of Customs (GACC) on July 13, with the first two easing but just marginally from the growths over January-May.
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Over January-June, China's finished steel exports grew 30.2% on year to 37.4 million tonnes, while imports were almost flat on year, up merely 0.1% on year to 7.35 million tonnes, according to the release by the country's General Administration of Customs on July 13. A detailed report will be
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China's pig iron output grew 5.4% on year over January-May to 379.9 million tonnes, among which the output for May eased 0.2% on year to 78.2 million tonnes, according to the release by the country's National Bureau of Statistics on the afternoon of June 16. A detailed story will be
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China's crude steel output over January-May totalled 473.1 million tonnes, or up 13.9% on year, and the volume for May grew 6.6% on year to 99.5 million tonnes, and its finished steel output gained 16.8% on year to a total of 576.6 million tonnes in the first five months of
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China's fixed assest investment grew 15.4% on year to Yuan 19.4 trillion ($3.03 trillion), among which, the funding in the property market amounted to Yuan 5.4 trillion, or up 18.3% on year, according to the latest release from the country's National Bureau of Statistics on the afternoon of June 16.
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Over January-May, China's foreign trade value grew by 28.2% on year to Yuan14.76 trillion ($2.3 trillion), among which, exports value gained 30.1% on year to about Yuan 8 trillion, and imports grew 25.9% on year to 6.7 trillion, according to the latest release by the country's General Administration of Customs.
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In May, China’s Purchasing Managers’ Index (PMI) for the steel industry recovered from a two-month fall, up 0.7 basis point to 46.1, according to the release by CFLP Steel Logistics Professional Committee (CSLPC) on May 31. A detailed report will be posted soon.
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China’s Purchasing Managers’
Index (PMI) for the manufacturing industry remained largely the same on month
for May, down merely 0.1 basis point from April to 51, according to the latest
release by the country’s National Bureau of Statistics. A detailed report will
be posted soon.
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China’s five top governing bodies including the National Development and Reform Commission (NDRC), the country’s top economic planner, held a meeting on the morning of May 23 with the major domestic enterprises in the sectors such as iron ore, steel, copper and aluminum industries on bulk commodities price surges so far in 2021, according to a NDRC posting on May 24.
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China's crude steel output grew 15.8% on year to 375 million tonnes over January-April,with the output for April alone up 13.4% on year to 98 million tonnes,according to the release by the country's National Bureau of Statistics on May 17. A detailed report will be posted soon.
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China’s foreign trade value gained 28.5% on year over January-April to reach Yuan 11.62 trillion ($1.79 trillion), with exports up more substantially by 33.8% on year to Yuan 6.32 trillion and imports up 22.7% on year to Yuan 5.3 trillion, according to the latest data from the country’s General Administration of Customs (GACC) announced on May 7.
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China's finished steel exports approximated 25.7 million tonnes over January-April, or up 24.5% on year, and the imports moved up 16.9% on year to 4.89 million tonnes over the same period, according to the release by the country's General Administration of Customs on May 7. A detailed report will be
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Very rarely, China’s National Development and Reform Commission (NDRC) released a statement both in Chinese and English on May 6, the first working day after the Labour Day holiday over May 1-5, notifying the public of the decision “to indefinitely suspend all activities under the framework of the China-Australia Strategic Economic Dialogue”.
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Beijing has decided to remove the export tax rebates on 146 kinds of steel products commencing May 1, according to an April 28 joint announcement from China's Ministry of Finance and State Taxation Administration.
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Just two days ahead of China's Labour Day holiday, the country announced to adjust tariffs on the imports of 20 ferrous products and exports of five ferrous products effective from May 1 so as to "guarantee domestic steel supply and promote the high-quality development of the steel industry", the country's Customs Tariff Commission of the State Council stated in an announcement on April 28.
