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


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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China announces mega hydropower projects In Pakistan

China-Pakistan Economic Corridor (CPEC) has announced establishing two large hydro projects and the refurbishment of the country’s colonial-era rail infrastructure in Pakistan. This hydro power project is a part of the 4,470 MW power projects China is constructing in Pakistan. China has already, completed nine power projects producing 5,320 MW of electricity worth $7.9 billion in […]

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China to buy $50 billion in US farm products in return for tariff concessions

Washington has set its terms for a trade deal with China, offering to suspend some tariffs on Chinese goods and cut others in exchange for Beijing buying more American farm goods, Reuters reported quoting US sources. Beijing’s silence, however, fuelled questions over whether the two sides can come to a truce in their bitter trade […]

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