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Indian miner NMDC's China exports hindered by logistics: Source

NMDC is not able to ship low-grade iron ore to the country s biggest iron ore customer, China, amid logistics issues, according to a source. This is a major hindrance as Indian producers of low-grade ores depend a lot on foreign markets since most major local steel producers use high-grade iron ores. ....

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China Exports & Imports Register Slower Decline

China's exports declined at a slower pace in August as the weaker yuan made shipments more competitive and imports decreased less than expected on improving commodity demand, official data revealed on Thursday. ....

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China's great slowdown is rippling across the globe

The slowdown of China s economy is causing alarm across the world as it was expected to drive a third of global economic growth this year. Policymakers are preparing for the negative impact on their economies as China s imports decline. US President Joe Biden referred to China s economic problems as a "ticking time bomb." The slump in China s economy is affecting trade in many countries, particularly in Asia and Africa. However, there are potential benefits such as lower global oil prices and falling prices of goods due to China s deflation. Nevertheless, a prolonged slowdown in China will have negative consequences for the global economy. ....

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