China’s aluminium industry has become embroiled in a fight between a smelter and a newspaper. The Beijing News published a report on Saturday claiming that pollution emanating from an aluminium smelter in Hunan province was affecting the lives of the local residents. But the smelter has hit back, refuting the claims. The Beijing News … Continue Reading
The economics of greed
China’s trade data for November caused a surprise, with exports growing more modestly than expected, but imports falling dramatically. November’s Trade Balance came in at $ 54.5bn vs $43.95bn expected and well above October’s $45.91bn. Exports stood at +4.7% y/y versus +8% expected and 11.6% in October, while imports dropped 6.7 % y/y. The consensus was for a 3.8% … Continue Reading
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