Iron Ore Demand on the Rise: India to Keep Majority of Production In-House
Iron ore exports from India are expected to stay low, as the world’s fourth-largest producer saves more of the material for its own use, according to commodity analytics firm Kpler. “Indian iron ore exports … have really gone off in the last several months. And it is fairly symptomatic of extremely robust domestic consumption,” said…
Reserve Currency: Yuan’s Global Ambitions, Still a Dream
There is renewed speculation that China’s yuan will soon challenge the US dollar as the world’s reserve currency. This time, the impetus for such discussion was Chinese President Xi Jinping’s visit to the Middle East, where he stressed the reach of Chinese trade and also stated his wish for oil contracts to be settled in…
China Market Movers: The Top 5 Stocks to Buy and Monitor
China is the world’s second-largest economy and home to dozens of enterprises that do business in the United States. Right now, China stocks to watch include JD.com (JD), Pinduoduo (PDD), Canadian Solar (CSIQ), BYD (BYDDF), and Trip.com (TCOM). Chinese stocks have had a difficult couple of years. The Covid epidemic, as well as Beijing’s zero-Covid…
Chinese Investors Drive $15 Billion Stock Surge
Because share prices in Hong Kong have experienced some of the most significant reductions seen anywhere in the world, share prices in that region have become astonishingly affordable. As a direct consequence of this, Chinese investors have shown an increased level of interest in the acquisition of technology companies that are traded on the Hong…