COMMENT – Lessons from the Chinese Commodities Derivative Markets

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Prof. Joshy Jacob, IIM Ahmedabad The Chinese commodities derivatives market has grown at a rapid pace in the recent past. Today, the Chinese commodities derivative exchanges are among the top-five globally. Out of the top-15 futures contracts in the world, nine are traded at the Chinese exchanges. Our recent field study on the Chinese markets […]

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COMMENT-As steel prices head south, India may like to thank China

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New Delhi would without doubt be cheering Beijing’s crackdown on polluting steel mills towards the end of this week. The single action by China’s government has sent skyrocketing iron-ore prices crashing, which will translate into lower prices of the most important steel-making ingredient for Indian steel mills as well. New Delhi has been so troubled […]

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COMMENT – Divergent recoveries in Asia: History is not destiny

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Asian economies are performing better than expected. In the IMF’s latest World Economic Outlook Update, we upgraded our growth estimate for 2020 by 0.7 percentage point from our previous forecast in October, to a contraction of 1.5 percent—in regional terms, a better outcome than other parts of the world. This is largely driven by stronger-than-expected performance among […]

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COMMENT – Silver’s clean energy future

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We live in unprecedented times. As the world’s population grows and industrialization takes hold in more corners of the world, climate change is accelerating, and, in response, humanity’s concern for our planet’s health is growing. The teenage activist Greta Thunberg put it best: “I want you to act as if the house is on fire, […]

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