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New coronavirus cases in North China's Inner Mongolia Autonomous Region are likely to affect China's coal imports from its increasingly significant coal supplier Mongolia due to disruptions at some major ports, according to sources on Wednesday, further raising concerns over coal supply in China as officials moved to address shortages and price hikes.
As the seven-day National Day holidays end, booming nucleic acid testing across China has followed, with multiple regions in the country suggesting that holiday goers receive testing before returning to work or school.
SOURCE / ECONOMY Shipping delays, higher costs loom amid Christmas export season By Yin Yeping Published: Jun 06, 2021 07:58 PM A wharf in Yantian port zone of Shenzhen port in south China's Guangdong Province. File Photo: Xinhua Traders and logistics firms are coping with longer waiting times and greater challenges to ship goods after some ports in South China's Guangdong Province, the top trading and manufacturing region for the country, encounter backlogs ahead of a busy Christmas export season due to tighter epidemic prevention measures amid new COVID-19 cases. At Yantian Port, which i...
China sends global commodity prices down; Australian iron ore exports hit hard Wang Cong and Yin Yeping Published: May 24, 2021 11:17 PM Aerial photo shows the container dock of Shanghai's Yangshan Port, east China.(Photo: Xinhua) Industrial commodity prices extended sharp losses on Monday both in China and abroad, after officials in China, the world's factory floor and largest consumer of raw materials, intensified a top-down campaign to rein in runaway prices that have already exerted pressure on factories and businesses and further threaten to derail China's hard-fought economic recover...
SOURCE / ECONOMY Move aimed at curbing soaring iron ore prices: analysts By Yin Yeping Published: Apr 28, 2021 10:58 PM Iron ore. Photo:VCG China announced on Wednesday that it would scrap tariffs on certain steel products and raw materials starting on May 1, in a bid to curb iron ore consumption amid skyrocketing prices that have hurt domestic businesses, while benefiting foreign suppliers such as Australia. The Tariff Commission of the State Council also made a series of adjustments to tariffs on other raw materials and products related to the steel industry. Meanwhile, exports tariffs a...