steel

This tag is associated with 4 posts

China Prepares To Lay Off Millions Of State Workers Amid Industrial Overcapacity

By John Ward and Peter Symonds In the lead-up to the National People‚Äôs Congress (NPC) starting on Saturday, the Chinese government has announced massive layoffs in state-owned enterprises in coal and steel. Further sackings in other basic industries are being foreshadowed in moves that will result in millions of workers losing their jobs and heightened … Continue reading

China Consumes Mind-Boggling Amounts Of Raw Materials [Chart]

By¬†Jeff Desjardins,¬†Visual Capitalist Over the last 20 years, the world economy has relied on the Chinese economic growth engine more than it would like to admit. The 1.4 billion people living in the world‚Äôs most populous country account for 13% of global GDP, which is significant no matter how it is interpreted. However, in the … Continue reading

Forget Stock Market Swings In China, It’s The Real Estate Sector To Worry About, Barclays Says

Stock markets in China have plunged¬†over the past few months¬†with daily¬†volatile swings after reaching 52-week highs on June 12, and¬†although this has grabbed all the attention, Barclays is warning that we should be watching something else. According to Barclays, in a recent research note, it’s¬†the Chinese real estate sector that we should be focusing on, … Continue reading

China To Invest $50 Billion In Brazil Infrastructure, Primarily To Construct Brazil-Peru Rail Link

China is set to invest $50 billion in new infrastructure projects across¬†Brazil in a move that could be a big¬†boost to bilateral ties. “There are about $50 billion in¬†new projects. We need to¬†wait till¬†the end of¬†the visit to¬†specify the [exact] figures and what kind of¬†projects it will be,” Brazil’s Foreign Minister¬†Jose Alfredo Grasa Lima told … Continue reading

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