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Record high prices have nudged up gold smuggling in key consumer India, and chances are that this will rise further in coming weeks with neighbour Bangladesh abolishing a customs duty.
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Tensions between China and India amid a military standoff at the disputed northern borders could potentially hurt commodities trade and encourage diversion to illegal channels, Biman Mukherji and Ritwik Sinha report.
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The China Securities Regulatory Commission (CSRC), the country’s governing body of all futures exchanges, has granted its approval, allowing three commodity exchanges to launch options contracts for six industrial products over June-August for trading, according to its official post on June 12.
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The declines in China’s total fixed asset investment (FAI) and the funding in the property market slowed further by May, with the former down 6.3% on year over January-May as against the 10.3% on-year fall in the first four months, and the latter dipping 0.3% as against the 3.3% fall by April, according to the latest data from China’s National Bureau of Statistics (NBS) on June 15.
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Over January-May,China’s fixed asset investment (FAI)dipped 6.3%on year, and that in the domestic property marketnudged down 0.3%on year, according to the latest statistics from the country's National Bureau of Statistics. A detailed report will be posted soon.
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For January-May, China’s foreign trade value declined more deeply by 8% on year than the 7.5% on-year fall for the first four months, as the foreign trade for May alone reversed down on month by 1.2% or down more sharply by 9.3% on year, according to the latest statistics in terms of the U.S. dollar from the country’s General Administration of Customs on June 7.
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China’s imports of copper concentrates and ores grew 2.2% on year to 9.26 million tonnes over January-May, lower than the 4.9% on-year rise over the first four months, as the COVID-19 had disrupted supplies from the overseas miners, according to the latest data from China’s General Administration of Customs (GACC) on June 7.
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China's foreign trader value declined 8% on year to $1.65 trillion over January-May, according to the latest statistics from the country's General Administration of Customs on June 7. A detailed story will be posted soon.
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As part of the efforts to rescue the national economy from the negative impact of the COVID-19, China’s local authorities issued a total of Yuan 1.3 trillion ($182.6 billion) government bonds in May, or a record high month, to ensure adequate funding in infrastructure construction, according to a post by China’s Ministry of Finance (MoF) on June 3.
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All of a sudden on June 3, WeChat and various Chinese news media became flooded with reports about the possible explosive reincarnation of street/night/flea markets across China – informal commercial venues that Beijing has been regulating for the past few years – and some companies seen as benefiting, such as manufacturers of vans capable of converting into mobile stalls, saw their stock prices spike the same day.
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Japan’s Purchasing Managers’ Index (PMI) for the country’s manufacturing industry fell to 38.4 for May, a new low since March 2009 or having declined for the three month mainly due to the impact of the COVID-19 on the series of industrial activities, according to the release from au Jibun Bank Corporation on June 1.
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China’s Purchasing Managers’ Index (PMI) for its manufacturing industry eased another 0.2 basis point on month to 50.6 for May, indicating the sector’s consistent return to the normality though at a slower pace from the impact of the COVID-19, according to the release from the country’s National Bureau of Statistics (NBS) on May 31.
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China's PMI for the country's manufacturing sector eased 0.2 basis point on month to 50.6, according to the latest release from the country's National Bureau of Statistics. A detailed report will be posted.
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Beijing will not set a specific economic growth target or range for 2020, as “great uncertainties hover above the global (COVID-19) pandemic, economic and trade circumstances, and (as a result), our economy is facing with some unpredictable factors”,China’s Premier Li Keqiang disclosed in Beijing on May 22 when presenting the annual government work report.
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China’s industrial economy will continue to recover this quarter, as more industries resume operations and thanks to various measures the central government has taken to expand domestic demand, according to Miao Wei, China’s Minister of Industry and Information Technology (MIIT).
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China’s fixed asset investment (FAI) declines on year but at a slower rate of 10.3% to Yuan 13.7 trillion ($2 trillion) over January-April as against the 16.1% on-year drop for the first quarter, with all the major sectors posting continuing recoveries in April, according to the latest data from China’s National Bureau of Statistics (NBS) on May 15.
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Over January-April,China’s fixed asset investment (FAI) dived 10.3% on year, and that in the domestic property market clipped 3.3% on year, according to the latest statistics from the country's National Bureau of Statistics. A detailed report will be posted soon.
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China has issued nearly Yuan 2.1 trillion ($295.1 billion) in local bonds as of May 13 to guarantee that infrastructure projects proceed, steel market insiders pointed out Thursday, as such projects are deemed the main supporting force for the country’s economy.
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China’s Purchasing Managers’ Index (PMI) for the country’s manufacturing industry reversed down 1.2 basis points on month to 50.8 for April, and both production and new orders faced growing challenges, according to the latest release from the country’s National Bureau of Statistics (NBS) on April 30.
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Beijing announced on April 29 to hold its top two political sessions starting May 21 and May 22 respectively, which have been delayed by over two months because of the outbreak of the COVID-19, according to the posts by the Xinhua News Agency.
