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Covid-battered Chinese economy sees slow factory growth

Covid-battered Chinese economy sees slow factory growth
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Zhiwei zhangNational bureau of statisticsNational bureauJuly purchasing managerPinpoint asset managementதேசிய பணியகம் ஆஃப் புள்ளிவிவரங்கள்தேசிய பணியகம்பின் புள்ளி சொத்து மேலாண்மை

AP Story

AP Story
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Soult ukpyolsiSouth koreaHong kongUnited kingdomJeffrey halleyYeap jun rongBaidu incTencent holding ltdYork mercantile exchangeNational bureau of statisticsAlibaba groupNew york mercantile exchangeWall streetHang sengShanghai compositeNational bureau

Daily iron ore price update (Confused? AFR won t help)

MacroBusiness Access Subscriber Only Content at 9:30 am on August 4, 2021 | 3 comments The ferrous complex mixed onAugust 3, 2021 as spot firmed a touch, paper fell sharply overnight and steel was walloped again: The Dalian contract rolled forward which gives you some idea how steep is the backwardation. There are 1829 words left in this subscriber-only article. The Chinese government’s mixed messages on carbon emissions have sent markets into a spin. …After earlier signalling an aggressive approach to climate change, Xi’s top decision-makers are now suggesting the opposite should happen. A meeting late last week of the Politburo, which is effectively Xi’s Cabinet, concluded that local governments were moving too aggressively to meet perceived political targets to slash steel production in order to meet the climate targets.

Shanghai futures exchangeNational bureau of statisticsCommunist partyNational bureauஷாங்காய் எதிர்காலங்கள் பரிமாற்றம்தேசிய பணியகம் ஆஃப் புள்ளிவிவரங்கள்கம்யூனிஸ்ட் கட்சிதேசிய பணியகம்

Poor, not rich, benefit from fuel subsidy, economists counter FG

• Records show how previous price hikes have worsened inflation, unemployment • Fuel subsidy removal endangers survival of million households Available statistics from economists indicate that the planned removal of the Premium Motor Spirit (PMS) subsidy will put the survival of millions of households in the balance. Over the years, the Federal Government has repeatedly argued that the social scheme benefits a few wealthy marketers, who have cashed in on the weak distribution monitoring system to rip the government off at the expense of the common good, alongside the super rich with fleet of cars in their garages. Government’s regular refrain has been that wealthy Nigerians, not the poor, benefit from fuel subsidy. This was recently reiterated by the Minister of State for Budget and National Planning, Clem Agba.

Nigeria generalYakubu gowonUmaru musa yaraduaGoodluck jonathanHill denhamAyodeji eboGodwin owohErnest shonekanOlusegun obasanjoInternational monetary fundLagos chamberNational planningNational bureau of statisticsWorld bankManufacturers association of nigeriaPremium motor spirit

Factbox: China s key commodities targeted by Beijing s recent measures

Shivani SinghMin Zhang 1/2 Stacks of rebar await delivery at Shanxi Zhongsheng Iron and Steel in Fenyang, Shanxi Province, China, April 28, 2016. REUTERS/John Ruwitch/File Photo/File Photo Read More BEIJING, Aug 4 (Reuters) - As a key producer, importer and consumer of most of the world s major commodities, China is uniquely sensitive to sharp price rises or supply disruptions in the raw materials on which its manufacturing sector and massive population depends. After the prices of critical industrial inputs from coal to copper surged to record highs this year, Beijing deployed its most comprehensive and far-reaching measures to date to try and tame commodity markets, including selling metal from strategic reserves and threatening to punish any entities found to be hoarding supplies or inflating prices. read more

United statesMin zhangShivani singhTom dalyKirsten donovanHallie guMuyu xuAdministration of customsZinc study groupThomson reuters trust principlesNational bureau of statisticsUnited states department of agricultureInternational leadZinc studyNational bureauUnited states department