China ranked first globally in reserves of 14 mineral types and in the production of 17 types last year, the Ministry of Natural Resources said at a news conference in Beijing on Wednesday. By the end of the 14th Five-Year Plan period (2021-25), China’s mineral resource reserves had increased significantly, with 14 minerals ranking first in the world. These include rare earths, tungsten, tin, molybdenum, antimony, gallium, germanium, indium, fluorite and graphite. The scale of China’s mineral production and metallurgical processing also led the world, with its position in the…
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Latest updates on China markets, stocks, trade, investing, EV companies, technology shares, commodities, and global financial trends impacting the world economy.
With the boosting of domestic demand a key priority during the 15th Five-Year Plan (2026-30) period, China will formulate and release an implementation plan to aid in accomplishing that goal, Wang Changlin, deputy head of the National Development and Reform Commission, said on Friday. “China’s advantages as a super-sized market have not been fully leveraged, and there remains enormous potential for consumption, especially service consumption,” Wang said, adding that the country will take further steps to boost consumption in the next phase. According to the NDRC, China will accelerate the…
The International Monetary Fund on Tuesday projected China’s economy to expand by 4.4 percent in 2026, a forecast that underscores the country’s resilience amid global headwinds from the Middle East conflict. The forecast was unveiled during the 2026 Spring Meetings of the IMF and the World Bank Group, or WBG, held in Washington from April 13 to 19. The latest World Economic Outlook was released as the heads of the IMF, the WBG, and the International Energy Agency met on Monday to coordinate their response to the conflict, one day…
World’s energy pain is far from over
Major shocks don’t happen in isolation. Like an earthquake followed by a tsunami, the deeper damage unfolds later. It’s the same with the US and Israel’s strikes against Iran. What began as an energy disruption is morphing into a severe and persistent economic shock, especially in the Global South. At the peak of the crisis, oil prices surged more than 50 percent to $110-116 per barrel before easing slightly to $90-100 after the temporary ceasefire. Liquefied natural gas took an even harder hit, soaring as much as 143 percent to…