China vows to control debt despite fresh stimulus for cooling economy

China’s state planner pledged on Wednesday to keep debt levels under control even as Beijing rolls out fresh stimulus to support the stumbling economy as a trade war with the U.S. deepens. The comments by the National Development and Reform Commission (NDRC) came a day after China reported surprisingly weak data that showed investment growth
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Thailand-based RCL has announced the launch of its new service between Central China and Thailand. The port rotation will include Shanghai – Ningbo – Laem Chabang – Port Authority of Thailand (PAT) – Thai Sugar Terminal (TST) – Laem Chabang – Manila (North) – Shanghai. Starting August 16, 2018 from Shanghai, the service is being
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Chinese copper fabricators and importers are scrambling to divert or resell cargoes of U.S. copper scrap en route to China after Beijing hit such imports with a 25-percent duty as the trade row with Washington deepens, sources said. U.S. scrap metal, waste paper and plastics cargoes arriving in China from Aug. 23 will incur the
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The chief commodity researcher at Goldman Sachs says the bull case for oil remains in tact despite an escalating trade dispute between the world’s two biggest economies that has stoked fears of weakening demand for crude. U.S. crude settled at a seven-week low below $67 a barrel on Thursday. It is now on pace for
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More Canadian soybeans are finding their way into the Chinese market as US origin soybeans become uncompetitive after the 25% import duty was imposed from July 2018. About ten vessels of soybeans have been sold to China, on a CFR basis, in August at prices ranging from 270 to 280 cents/bushel over November CBOT Futures
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Chinese buyers have lowered their bids for September-loading shipments of Australian 5,500 kcal/kg NAR thermal coal to $60-$61/mt FOB Newcastle as stocks continue to build at Chinese ports, sources said Friday. August and September are low season months in the Chinese coal consumption calendar, a market source said. Market expectations are for Chinese buying interest
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The U.S. in the next five years will become an energy exporting powerhouse — rivaling Saudi Arabia in oil exports and growing into one of the world’s largest gas exporters, regardless of its trade spat with China, analysts said. China slapped tariffs on a range of oil products, liquid petroleum gas and coal, as well
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China increased its coal imports in July by 14 percent to their highest in 4-1/2 years, official data showed on Wednesday, as rising temperatures boosted demand for coal-fired power to run air conditioners in the world’s top buyer of the fuel. Arrivals came in at 29.01 million tonnes last month, the General Administration of Customs
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Pilbara Ports Authority has delivered a total monthly throughput of 56.1 million tonnes (Mt) for the month of July 2018. This was an increase of 6% from the same month in 2017. The Port of Port Hedland achieved a monthly throughput of 41.5Mt. This was an increase of 7% from July 2017. Iron ore exports
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