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India’s gross domestic product (GDP) growth for fiscal year (FY) 2020 ending on 31 March 2021 is forecast to contract by 9.0% as the coronavirus disease (COVID-19) pandemic weighs heavily on economic activity and consumer sentiment in the country, according to a new report by the Asian Development Bank (ADB).
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Many economic sectors in China including those of consumption, industrial production and investment showed more positive signs of returning to their normal tracks by the end of August, according to a series of highlights published individually by the country’s National Bureau of Statistics (NBS) on September 15.
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Over January-August,China’s fixed asset investment (FAI) still declined on year but narrowed to0.3%, and the funding in the domestic property market grew faster by4.6%on year, according to the latest release from the country's National Bureau of Statistics. A detailed report will be posted soon.
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In the first eight months of 2020, China imported more energy products such as crude oil,natural gas and coal,according to the latest statistics from the country’s General Administration of Customs published on September 7, and the slowing global economy had sent prices lower.
For crude oil, China imported 368 million tonnes
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Over January-August, China’s total foreign trade value dipped 0.6% on year, which narrowed further by 1.1 percentage points from that for the first seven months, but the imports values for both August and the first eight months decreased on year, the latest statistics from the country’s General Administration of Customs on September 7 showed.
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China Molybdenum Co. Ltd, a world’s leading miner of base and minor metals, posted its net profit up 24.7% on year to Yuan 1 billion ($146 million) for the first half of 2020, and tungsten and molybdenum were with the highest profitability of 38% despite their price declines, as reported by its interim report released on August 31.
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China’s sizeable industrial firms still posted a 8.1% on-year decline in their gross profits for the first seven months of 2020, though the drop narrowed by 4.7 percentage points from that in the first half of 2020, according to the latest release by the country’s National Bureau of Statistics (NBS) on Thursday.
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China’s fixed asset investment (FAI) still declined by 1.6% on year over January-July, but it narrowed from the 3.1% drop in the first half, and the funding in the domestic property market grew 3.4% on year by July against the 1.9% on-year growth in H1, indicating continuing recoveries in July, according to the latest data from China’s Bureau of Statistics (NBS).
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Over January-July,China’s fixed asset investment (FAI) still declined on year but narrowed to1.6%, and the funding in the domestic property market gained a further 3.4%on year, according to the latest release from the country's National Bureau of Statistics. A detailed report will be posted soon.
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China’s total foreign trade value in Chinese Yuan still declined 1.7% on year over this year’s first seven months, though the drop narrowed by 1.5 percentage points from the first half of 2020 on the continuing improvement in July, the latest data from China’s General Administration of Customs (GACC) showed.
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Indian spot gold prices charted a fresh record high of Rs 50,070/10 gram on Wednesday, tracking international prices that have risen on expectations of monetary stimulus packages in the US and Europe.
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China’s fixed asset investment (FAI) and the funding in the property market both grew further by June, and the former, thus, still dropped but by 3.1% on year for H1 against the 6.3% on-year drop over January-May, and the latter up 1.9% on year from a 0.3% annual fall until May, according to the latest official data.
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Over January-June,China’s fixed asset investment (FAI) still declined on year but narrowed to3.1%on year, and the funding in the domestic property market returned to a positive growth of1.9%on year, according to the latest release from the country's National Bureau of Statistics. A detailed report will be posted soon.
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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.
