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China's major export hub hit by COVID-19, but strong rebound expected | Hellenic Shipping News Worldwide

China's major export hub hit by COVID-19, but strong rebound expected | Hellenic Shipping News Worldwide
hellenicshippingnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from hellenicshippingnews.com Daily Mail and Mail on Sunday newspapers.

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China's major export hub hit by COVID-19, but strong rebound expected

China's major export hub hit by COVID-19, but strong rebound expected
globaltimes.cn - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from globaltimes.cn Daily Mail and Mail on Sunday newspapers.

Pearl River , Bai Ming , Hong Shibin , Zhao Chongjiu , Chinese Academy Of International , China Household Electrical Appliances Association , South China , Guangdong Province , Pearl River Delta , Global Times , Vice Minister , Transport Zhao Chongjiu , Chinese Academy , International Trade , Economic Cooperation , முத்து நதி , பாய் மிங் , ஹாங் ஷிபின் , சீன கலைக்கழகம் ஆஃப் சர்வதேச , சீனா வீட்டு மின் உபகரணங்கள் சங்கம் , தெற்கு சீனா , குவாங்டாங் மாகாணம் , முத்து நதி டெல்டா , உலகளாவிய முறை , துணை அமைச்சர் , சீன கலைக்கழகம் ,

Steel traders lick wounds as Chinese govt swiftly strikes down prices hike | Hellenic Shipping News Worldwide

Steel traders lick wounds as Chinese govt swiftly strikes down prices hike
Under the Chinese government’s swift, resolute and concerted efforts to put down a sudden spike in steel prices, a bubble that began to suddenly inflate in early May started to deflate in recent days. While the bubble burst left many who rushed to the feast licking their wounds, industry insiders and analysts said it may take months for the steel market to return to normal.
China’s steel prices have experienced a roller coaster ride since May 1. Prices for steel products rose by more than 1,600 yuan ($250) per ton in a span of two weeks, attracting the attention of the highest level of the Chinese government. The government’s high-frequency responses reached a peak on Monday with Chinese Premier Li Keqiang stating that it should be avoided that commodity price hikes are passed down to consumers. Steel prices then plunged, retreating to pre-May 1 levels. ....

Hwang Ji , Yang Jin , Hong Shibin , Zheng Weiwei , Jia Dongyue , Li Keqiang , National Development , Tangshan Xunzhuo Steel Trading Company , China Household Electrical Appliances Association , Reform Commission , National Bureau Of Statistics , Xinjinfeng Steel Company , Council Executive Meeting , Chinese Premier Li Keqiang , North China , Rongde Steel , Global Times , East China , Fujian Province , State Council Executive Meeting , Zhejiang Province , Premier Li Keqiang , Beijing Normal University , National Bureau , Cao Heping , Peking University ,

Steel traders lick wounds as Chinese govt swiftly strikes down prices hike

Steel traders lick wounds as Chinese govt swiftly strikes down prices hike
By Chu Daye, Yang Kunyi, Qi Xijia and Yin Yeping, Published: 2021/05/27 01:30:00
Workers use a crane to transport steel coils at a plant in Hefei, East China s Anhui Province in April. Photo: VCG
Under the Chinese government s swift, resolute and concerted efforts to put down a sudden spike in steel prices, a bubble that began to suddenly inflate in early May started to deflate in recent days. While the bubble burst left many who rushed to the feast licking their wounds, industry insiders and analysts said it may take months for the steel market to return to normal. ....

Hwang Ji , Yang Jin , Hong Shibin , Zheng Weiwei , Jia Dongyue , Li Keqiang , National Development , Tangshan Xunzhuo Steel Trading Company , China Household Electrical Appliances Association , Reform Commission , National Bureau Of Statistics , Xinjinfeng Steel Company , Council Executive Meeting , East China , Anhui Province , Chinese Premier Li Keqiang , North China , Rongde Steel , Global Times , Fujian Province , Xiaobali Market , Hebei Province , State Council Executive Meeting , Zhejiang Province , Premier Li Keqiang , Beijing Normal University ,

Midea, China's top home appliances maker, to expand overseas production as it eyes 10 per cent global market share

Midea, China’s top home appliances maker, to expand overseas production as it eyes 10 per cent global market share
Iris Ouyang iris.ouyang@scmp.com
© SCMP
Midea Group has interests ranging from robots and automation to property development and education, and ranked 307th in the Fortune Global 500 List last year. Photo: Iris Ouyang
Midea Group, China s largest home appliances company, is expanding overseas production with new plants featuring enhanced automation as part of its ambition to corner around 10 per cent of the global market within five years, according to a top executive.
The company is in the process of choosing one or two locations for setting up new manufacturing facilities with a high level of automation in North America, which is expected to be finalised before the end of the first half of this year, said Wang Jianguo, president of Midea International, a unit of Midea Group responsible for overseas operations. ....

United States , Republic Of , Iris Ouyang , Foshan Shunde , Wang Jianguo , China Household Electrical Appliances Association , Midea Group , Midea International , Fortune Global , North America , Greater Bay , Little Swan , South China Morning Post Midea , China Household Electrical Appliances , ஒன்றுபட்டது மாநிலங்களில் , குடியரசு ஆஃப் , சீனா வீட்டு மின் உபகரணங்கள் சங்கம் , மீடெஅ குழு , அதிர்ஷ்டம் உலகளாவிய , வடக்கு அமெரிக்கா , அதிகமானது வளைகுடா , கொஞ்சம் அன்னம் , சீனா வீட்டு மின் உபகரணங்கள் ,