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The Wire
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China’s copper futures in strong rally on supply risks, improving demand; Citi sees copper touch $10,500/t in next three months
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Chinese oil companies rally as market concern heightens after explosions heard in Iraq, Syria and Iran
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China firmly opposes US investigation into maritime, logistics, shipbuilding industries
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China’s determination to keep yuan’s stability to remain unchanged, said PBOC
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China’s state planner NDRC to hold conference to promote faster project construction
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China’s industrial capacity utilisation hit lowest since 2020 in Q1, authorities see pick-up in next few quarters
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Shanghai Futures Exchange raised margin requirement, trading limit for metals after recent rally
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China’s railway passenger traffic in Q1 rose 19% from 2019-level, air passenger traffic hit new record high
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India seeks to restrict Chinese smartphones cheaper than $150 – report
ndia is seeking to restrict Chinese smartphone makers from selling devices cheaper than 12,000 rupees ($150) to kickstart its faltering domestic industry, dealing a blow …
Goldman Sachs slashed forecast for homebuilder Country Garden, rated Sell
Goldman Sachs slashed the forecast of underlying earnings-per-share in the year of 2022 – 24Â for Country Garden, the largest property developer by sale in China, …
Hong Kong to relaxed required quarantine for international arrivals
Hong Kong Chief Executive John Lee said that required quarantine for overseas and Taiwan arrivals will be changed to ‘3+4′, including three days’ hotel quarantine …
China steel prices rebound on hope of rising demand amid efforts to ensure home delivery
China’s steel prices are rebounding recently after sharp declines in previous months, on expectation of rising demand amid the government’s calls for efforts to ensure property delivery in response to a widespread mortgage boycott crisis.
China’s cement inventory declined after climbing for 13 consecutive weeks amid signs of recovery in real estate, infrastructure
China’s cement inventories declined significantly in the last week of July after climbing for 13 consecutive weeks amid recovery in real estate activities and step-up …
UPDATED: Housing vacancy rate in major Chinese cities at 12%, analysts warn of oversupply risk in housing market
The average housing vacancy rate in China’s 28 major cities is currently at 28%, a relatively high level, according to a report released by the …
China sanctions US politician Pelosi, immediate family on Taiwan visit
China has decided to sanction US House of Representatives Speaker Nancy Pelosi and her immediate family members in response to her “vicious” and “provocative” actions, …
Alibaba quarterly earnings beat expectation, revenue flat amid weaker consumption, economic headwinds
Chinese e-commerce giant Alibaba Group reported better-than-expected earnings for the June quarter, even as weakened consumption and economic headwinds in China crimped the profitability.
Several Chinese cities suspended, relaxed second-hand reference price mechanism to boost housing markets
Several Chinese cities have suspended or relaxed a measure to set reference prices for second-hand homes which was aimed at curbing property speculation, in the latest round of property policy easing to support the struggling housing markets.
Baltic Dry Index extends losses to ninth session, sliding by most since May 27
The Baltic Exchange’s main sea freight index posted a loss on Thursday for the ninth straight session, its longest losing streak in about four months, pressured by lower rates across vessel segments.
