China’s recovery has broadened, economic growth seen reaching 8.5% in 2021 – World Bank

China’s recovery has broadened as economic activity has continued to normalise, the World Bank said, adding that its economic growth is projected to reach 8.5 percent this year before slowing to 5.4 percent in 2022, as low base effects dissipate and the economy returns to trend growth. Improved consumer and business confidence and better labor market […]

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China-Europe freight-train service records over 40,000 trips: Xinhua

The China-Europe freight-train service has recorded more than 40,000 trips with transported goods valued at over $200 billion, Xinhua reported citing official data. Since the first China-Europe freight train left southwest China’s Chongqing Municipality in March 2011, the service has reached more than 160 cities in 22 European countries, according to a work conference of […]

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IFFCO to launch world’s first nano urea in liquid form priced at Rs 240 per 500 ml bottle

Leading farmers’ cooperative, Indian Farmers FertiliserCooperative Ltd. (IFFCO) is soon to launch the world’s first ‘Nano Urea’ for farmers across the world, Press Trust of India reported. The production will commence from June. The indigenously developed ‘Nano Urea’ is in liquid form and is priced at Rs 240 per 500 ml bottle, which is 10 per cent cheaper than the cost […]

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China’s monetary policy and regional strategy

China’s orthodox monetary policy continues to be in stark contrast to the G7 world. It has also continued to attract inflows into its bond market though inflows have slowed in the short term given the narrowing of the spread between the Chinese 10-year and the US Treasury 10-year, Chris Wood, internationally renowned for his weekly […]

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Global trade’s recovery from COVID-19 crisis hits record high

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World trade’s recovery from the COVID-19 crisis hit a record high in the first quarter of 2021, increasing by 10% year-over-year and 4% quarter-over-quarter, according to UNCTAD’s Global Trade Update. According to the report, the impressive rebound in Q1 2021 continued to be driven by the strong export performance of East Asian economies, whose early success […]

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COMMENT – Colonial Pipeline hack: Implications for the future, lessons from the past

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Forecasts tell you a lot about the forecaster, but they don’t tell you anything about the future or in the case of commodities the grammatically weird plural futures. When they do come true, it is usually a mixture of deep intelligence meeting immense luck. The July 1995 released film The Net, starring Sandra Bullock as […]

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