Tag: china’s
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China’s Policies Are ‘Like a Python Squeezing Us Out of Our Breath Slowly’, Says Tibetan Exiled Leader
[ad_1] Last Updated: February 21, 2024, 12:49 IST Penpa Tsering, a sikyong or leader of the Tibetan government-in-exile, speaks during an interview with AFP in his office in Dharamsala on February 19, 2024. (AFP) Tibetans prepare to mark 65 years since an uprising against Chinese rule as questions arise about the Dalai Lama’s successor amid…
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Copper Fell Due To The Dollar Strength And China’s Negative Industrial Outlook.
[ad_1] Copper prices experienced a decline of -0.7%, settling at 706.25, influenced by a strong dollar and cautious industrial sentiment in China, the world’s leading consumer of the metal. The greenback strengthened on the back of robust labour data in the U.S. and hawkish comments from Fed Chair Powell, impacting the purchasing power of key…
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Aluminium Dropped As Sentiment Over China’s Economic Activity Remains Clouded
[ad_1] prices closed down by 0.4%, settling at 201.7, as uncertainty looms over China’s economic activity. China’s official PMI data revealed the fourth consecutive month of contraction in factory activity, signalling ongoing challenges for the world’s second-largest economy. The lack of clear signs of a turning point in China’s economic growth has disappointed investors. Contrastingly,…
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Zinc gains as China’s move to support the yuan has boosted the purchasing power.
[ad_1] Zinc prices closed up by 0.22% at 223.35, buoyed by China’s efforts to support the yuan, enhancing the purchasing power of buyers in the world’s leading metals consumer. The refined production in China for December 2023 surged to 590,900 tons, marking a 2.05% increase from the previous month and a significant 12.38% rise compared…
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Zinc Prices Dropped As China’s Official PMI Fell To 49 In December.
[ad_1] Zinc prices experienced a decline of -0.91%, settling at 228.45, influenced by China’s official PMI falling to 49 in December from the previous month, reinforcing expectations for additional stimulus measures from the government. In contrast, the Caixin/S&P Global manufacturing PMI rose to 50.8, surpassing market forecasts and indicating a slight recovery. The industrial outlook…
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Copper gains as China’s manufacturing activity slowed, raised hopes for stimulus
[ad_1] Copper prices experienced a modest gain of 0.33%, settling at 722, driven by concerns over slowing manufacturing activities in China. The official NBS Manufacturing PMI for November 2023 slipped to 49.4, marking the second consecutive month of decline and falling below market forecasts. This decline underscored the need for additional government support to bolster…
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US Business Leaders to Dine with China’s Xi in San Francisco But at What Cost?
[ad_1] Last Updated: November 14, 2023, 16:47 IST San Francisco, California, USA For American businesses, it will be a chance to hear directly from China’s leader Xi Jinping as they search for ways to navigate China’s economic slowdown. (Reuters File Photo) Business leaders dine with China’s Xi Jinping in San Francisco, seeking economic stability amid…
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China’s Surging Refined Lead Exports Reshape Global Markets and LME Stocks
[ad_1] China’s robust export of refined lead, driven by attractive cash premiums on the London Metal Exchange (LME), has surged to a 15-month high, exceeding last year’s total shipments. This trend is causing a rebuilding of LME stocks while preventing the recovery of lead stocks in Shanghai, where tightness persists. The global lead market finds…
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Copper prices rose as traders squared positions ahead of China’s public holiday.
[ad_1] Copper prices saw a solid 1.47% increase, closing at 719.7, as traders squared their positions ahead of a lengthy public holiday in China. Notably, inventories in Shanghai Futures Exchange-monitored warehouses fell by a significant 28.0% compared to the previous Friday, indicating a reduction in available supply. In contrast, copper stockpiles in LME-registered warehouses have…
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‘Political Motives’: China’s Envoy Criticises Australian Politicians Over Taiwan Visits
[ad_1] Last Updated: September 28, 2023, 13:48 IST Former Australian Prime Minister Scott Morrison plans to speak at the Yushan Forum in Taipei from Oct. 11 to 12, which focuses on Taiwan’s cooperation with neighbouring countries. (Reuters File Photo) China’s ambassador criticizes Australian politicians visiting Taiwan, warns against aiding separatist movements in the self-governing island…