02 Nov 2021
Sign up to stay briefed on what the Chinese government is doing, thinking, and saying.
China's thermal coal futures have returned from the stratosphere.
As of Monday, futures on the Zhengzhou Commodity Exchange had dropped a staggering 53% since October 19.
That includes a 9.26% fall on Monday to RMB 925.2/tonne.
The official reason? China is correcting course after a massiv...
May 8, 2024
A minor tweak to the tax code could provide a windfall for China's recycling industry. On April 29, the State Taxation Administration (STA) rolled out reverse invoicing for companies that recycle scrap metal. ICYDK: Reverse invoicing shifts the responsibility of… Read More »
May 8, 2024
Chinese steel industry reps are calling for new policy mechanisms to tame overproduction. The China Iron and Steel Association (CISA) met on April 26 to take stock of steelmakers' dismal Q1 2024 performance, where numerous producers suffered significant losses. The… Read More »
May 8, 2024
The consumer goods trade-in program is soaring – but only when supported with additional subsidies. ICYMI: On Tuesday, we flagged a Workers' Daily article that reported the State Council’s consumer trade-in program was struggling to take off in Beijing. However,… Read More »