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Prices of silicon materials are falling from historic highs amid a government clampdown on high bulk commodity prices, as a reasonable price level will accelerate the downstream expansion of solar power stations, helping China reach its carbon reduction targets.
A ship loaded with 20,000 tons of fertilizer from Shandong-based producer Seawin Biotech meant for export to Sri Lanka is on its way back after failing to reach any constructive agreement with Sri Lanka, despite relentless efforts to solve the dispute, sources close to the matter told the Global Times on Tuesday.
Chinese experts said that while there have been no direct economic countermeasures yet against Lithuania, future countermeasures cannot be ruled out if Lithuania continues on the wrong path. Chinese officials have also said that Lithuania would pay a price for its mistake of challenging China's sovereignty.
While the pandemic continues to disrupt supply chains creating unprecedented challenges for international trade, economic cooperation between China and Chile, two countries that are geographically far apart, is expected to hit a record high by surpassing a $55 billion threshold, according to a recent forecast by the Chilean Ambassador in Beijing, Luis Schmidt.
Coal traders have been dumping their inventories to avoid losses as prices sink amid a government crackdown on coal hoarding and speculation, part of the effort to secure power supplies after prices continued breaking decade-old records.