Following the sixth round of military talks, the two sides had announced a slew of decisions including not to send more troops to the frontline, refrain from unilaterally changing the situation on the ground and avoid taking any actions that may further complicate matters. … [Read more...] about Next round of Indo-China talks to focus on Depsang, entire Eastern Ladakh region
Horasis global china business meeting
Copper to retreat from peaks as China demand eases
Copper prices are expected to retreat in the coming months as demand in top consumer China declines and supplies increase, a Reuters poll showed on Wednesday.Benchmark copper surged 26% last year as China's spending on metal-intensive infrastructure helped its economy to recover from the impact of COVID-19.Copper hit a near eight-year high in January, but China is likely to gradually withdraw stimulus and trim debt levels - triggering a pullback, analysts say."As China's economy is already back to pre-crisis levels, its transition from investment-driven to consumption-driven growth should resume, implying that last year's metal demand dynamics should not be sustained," Julius Baer analyst Carsten Menke said.LME cash copper is expected to average $7,600 a tonne this year, a median forecast of 29 analysts showed, down 5% from Tuesday's closing price.Analysts raised full-year 2021 forecasts for the metal by 12% from the previous poll, conducted three months ago.Prices were supported last … [Read more...] about Copper to retreat from peaks as China demand eases
India inks MoU with International Energy Agency for global energy security, sustainability
"The contents of the strategic partnership will be jointly decided by IEA members and India, including a phased increase in benefits and responsibilities for India as an IEA strategic partner, and building on existing areas of work within Association and the Clean Energy Transitions Programme, such as Energy Security, Clean & Sustainable Energy...Expansion of gas-based economy in India etc," it said. … [Read more...] about India inks MoU with International Energy Agency for global energy security, sustainability
Xinhua Commentary: China walks the talk in pursuit of multilateralism
China, the first country to bring the coronavirus outbreak under control, has made historic achievements in eradicating absolute poverty despite the impact of the pandemic, contributing to over 70 percent of the global drive in this field. China has also continuously advanced South-South cooperation and made tangible contributions to poverty eradication and debt relief in the developing world. … [Read more...] about Xinhua Commentary: China walks the talk in pursuit of multilateralism
China to ensure supplies of necessities during holiday season
The Spring Festival, the most important festival in China and traditionally marked by mass migration and family reunions, falls on Feb. 12 this year. China is encouraging the public to stay put during the holiday to prevent the spread of COVID-19. ■ … [Read more...] about China to ensure supplies of necessities during holiday season