China s metal imports from Myanmar show trade contortions amid post-coup protest Toggle share menu
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China s metal imports from Myanmar show trade contortions amid post-coup protest
Muse, on the border between China and Myanmar, is an important gateway for trade. (File photo: AFP/Ye Aung THU)
20 Apr 2021 05:17PM (Updated:
20 Apr 2021 05:20PM) Share this content
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YANGON: Chinese trade data gave a mixed snapshot of neighbour Myanmar s ability to keep up metal shipments in March amid unrest after February s coup, with flows of nickel pig iron (NPI) dwindling to almost nothing but those of copper doubling month-on-month.
With Chinese firms directly involved in Myanmar metals mining, imports of stainless steel raw material NPI from the Southeast Asian country were just 298 tonnes last month, data from China s customs showed on Tuesday (Apr 20).
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Last Updated: Apr 20, 2021, 05:25 PM IST
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For the second time since the start of the pandemic, India on Monday figured on the US treasury department s watchlist of currency manipulators. The central bank s dollar purchase at 5 per cent of the GDP exceeding the 2 per cent threshold was cited as the reason.
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