‘Iron ore has not bottomed’
Exports jumped 51 per cent to a record 93. 8 million tonnes. "Steel output is still up marginally, but minus export growth, domestic demand actually fell," said Mr Xie, who forecast that some steel...
Tagged: China
China's RRR cut not start of strong stimulus
By Fergus Ryan Lu Lei, head of the People’s Bank of China (PBOC) research department downplayed the decision in an interview with the official news outlet saying it was an ordinary policy operation and...
China's rail industry goes global
By Paul Pennay China was involved in 348 international rail projects last year, an increase of 113 projects on 2013, according to statements made by an official from the Ministry of Commerce’s Foreign Trade...
China business news digest
By Staff Reporter China’s four social insurance funds paid out a total of 3. 2 trillion yuan in 2014, an 18. 1 per cent increase on the amount released in 2013, according to data...
Investigators eye China in Anthem data breach
By Danny Yadron Investigators see links to China as they probe a data breach in which tens of millions of Social Security numbers were taken from Anthem Inc, the second largest US health insurer. Last year,...
Global debt up by $73 trillion since GFC
And perhaps most promising for the United States, its financial institutions have become significantly less leveraged, with financial-sector debt falling by 24 percentage points of GDP by McKinsey’s calculations. "One bright spot in our...
World Bank probes China loan handling
By AFP But the investigation will examine how key bank units, including the International Development Association and International Finance Corporation, created an unusual structure to accommodate the Chinese loan. The investigation into the handling...
Argentine leader's lice post sparks anger
By AFP Chinese President Xi Jinping visited Argentina in July and the two countries announced Chinese plans for investments totalling $US7 billion ($A9. 00 billion), in industries including hydroelectric power, shipbuilding, railways and a...
Obama hails Dalai Lama as 'good friend'
By AFP President Barack Obama has hailed the Dalai Lama as a “good friend” during a symbolic first public encounter between the two men that is sure to enrage Beijing. The government-published China Daily...
Iron ore price drops to new 5.5-year low
By Mitchell Neems The current price represents a five-and-a-half-year low, slipping below the $US61. 30 a tonne price hit earlier this week, with levels below $US63 a tonne last seen in 2009. The price of...
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