Soaring metal prices spell trouble for China s recovery CNN 6 hrs ago By Laura He, CNN Business © Feature China/Barcroft Media/Getty Images WUHAN, CHINA - MAY 08 2021: Two staff work in MIZ Metal Product Wuhan Co. Ltd., a joint venture between Japan s Itochu-Marubeni Steel Inc. and its Chinese partner, in Wuhan in central China s Hubei province Saturday, May 08, 2021.
China and the United States are in a race for scarce commodities to rebuild their economies after the pandemic. That s pushing prices through the roof and is now threatening to throw Beijing s recovery plans off course.
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The cost of everything needed for China s post-pandemic infrastructure boom, from steel and coal to glass and cement, is soaring. The price of rebar, a type of steel used to reinforce concrete, recently hit 6,200 yuan ($965) per metric ton in Shanghai, up 40% this year, and a new record high. Iron ore, which is used to make steel, has topped 1,240 yuan
Without an inch of steel Soaring metal prices spell trouble for China s recovery
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Without an inch of steel Soaring metal prices spell trouble for China s recovery
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From:ChinaDaily | 2021-04-07 09:24
The merger of the main and small and medium-sized enterprise boards at the Shenzhen Stock Exchange will enable companies to better leverage the capital market for growth and improve the overall efficiency, said experts.
The China Securities Regulatory Commission had on Feb 5 given the green light to the Shenzhen bourse s request to merge the main board and the SME board to optimize the structure of the SSE s equity market.
Following the merger on Tuesday, the operating mode for supervision and business rules for the two boards were unified. The listing requirements, investment threshold and trading mechanism remain unchanged, while stock codes and abbreviations have been merged, said Pi Liuyi, deputy director of the CSRC s department of market supervision.