China's Steel Prices Keep Falling Despite Peak Season for Demand Amid Overcapacity yicaiglobal.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from yicaiglobal.com Daily Mail and Mail on Sunday newspapers.
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When news came in late April that China Baowu Steel Group, the nation's largest steelmaker, was taking majority control of Xinyu Iron &Steel Group, a steel company in Xinyu, Jiangxi province, perhaps very few felt surprised despite the move happening at a time when steel demand and production in China seemed to have been dampened by various factors, including COVID-19.
Maskless Xi, China’s Modest GDP Target, Hong Kong: NPC Update
Bloomberg 3/5/2021 Bloomberg News
(Bloomberg) China’s most senior officials gathered in Beijing to kick off the annual full-session of the country’s parliament, the National People’s Congress.
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Chinese Premier Li Keqiang unveiled a conservative target for economic growth this year of above 6% that signals more restrained monetary and fiscal policies this year, in contrast to other major nations still pumping in stimulus. But China’s new five-year plan that runs through 2025 didn’t give a numeric target for average growth.
What to Know:Click here to read more on this year’s NPCEverything you need to knowFull NPC reports. Highlights hereA QuickTake explainer on the NPCWhat analysts say to watch out for this yearBloomberg Intelligence previews the NPC. Reaction to GDP goalHow China plans to be greener by 2025Clips of other reactions here and here. Key takeaways here