China should stop expanding soybean farms to leave space for strategic crops including rice, wheat, and corn, to ensure sufficient domestic food supply in light of growing tensions with the United States. The remarks at this year’s China Soybean Industry International Summit Forum noted a turn away from Beijing’s early push to expand domestic production …
China food security concerns of soybean expansion Read More »
China’s imports of commodities decreased in August as the buying spree in copper and oil significantly reduced, and high prices for iron ore witnessed about 11% loss from July’s high. Imports to China suddenly drop by 2.1% after the 1.4% decline in July. It was the second month of the dip in imports, amid weaker …
Shares in the Asia Pacific were mixed in Thursday morning trade. According to the latest data, China’s economy continued to recover. Investors will monitor oil costs after oil refineries and oil rigs were closed before a massive hurricane approaching Texas and Louisiana. Hurricane Laura, a powerful category four storms packing 150 mph winds, is set …
Oil imports in China have dropped in March, according to a Reuters poll on Monday. Analysts expect China’s economic contraction in the first quarter of 2020 due to the Coronavirus outbreak. China is the world’s top oil importer and a critical driver of oil demand growth. The country went into lockdown at the end of …
China’s oil imports suffer from the steep decline part 2 Read More »
During the coronavirus pandemic, the gold industry is producing huge gains. It is affecting many other industries around the globe. The precious metal prices have been on the rise for the past eighteen months, resuming to increase. Resources Monitor, an Australian mining expert, states that Australia will overtake China as the leading producer of the …
Australia will overhaul China as the world’s first gold producer Read More »
In comparison to February, five out of eight critical farming commodities resumed impressive exports with a two-digit increase in March. These five farm commodities include cashew, vegetables, rice, pepper, and cassava. The coronavirus pandemic hasn’t affected the shipping of products, stated the General Department of Customs. Cashew nuts had the most significant export growth rate. …
Which five essential farm commodities saw growth in March? Read More »
As part of the Republic Bank of China’s efforts to boost progress for the digital yuan, blockchain will now be a part of the country’s data and technology infrastructure. The National Development and Reform Commission (NDRC) said it will join other emerging technologies to manage the flow of information in China. Examples of these systems …
RBoC Welcomes Blockchain into China’s Tech Infrastructure Read More »
Shares Nikkei, Hang Seng, surged Friday after China reported an optimistic economic data. The solid open followed a short-term rally on Wall Street controlled by purchasing of Amazon, social insurance stocks, and other market specialties that are flourishing in the coronavirus crunch. China revealed its economy contracted 6.8% in January-March as the nation combats the …
Asian markets hop on China economic data, Wall Street’s rally Read More »
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