India’s economic slowdown stifles demand of thermal coal imports from key industrial consumers. Country’s thermal coal imports have dropped for three months running, their longest sustained fall in over two years.
China must make every effort to maintain economic and social control as it battles the coronavirus epidemic, and avoid causing panic that could lead to secondary “disasters,” President Xi Jinping told senior officials earlier this month.
China’s exports likely fell at a slightly faster pace in September as softening global demand and US tariffs bit more deeply, while imports shrank for a fifth straight month, suggesting pressure on the economy is increasing, a Reuters poll showed.
German exports posted their biggest rise in almost two years in September, an official data showed, providing some relief amid widespread concerns that Europe’s largest economy will dip into recession in the third quarter.
The United States of America (USA) remained the top export destinations of the Pakistani products during first seven months of current financial year (2019-20), followed by China and United Kingdom (UK).
China’s exports and imports likely tumbled in the first two months of the year, a Reuters poll showed, as the health crisis triggered by the coronavirus epidemic disrupted businesses and production and wreaked havoc along global supply chains.
China’s exports contracted sharply in the first two months of the year, and imports slowed, as the health crisis triggered by the coronavirus outbreak caused massive disruptions to business operations, global supply chains and economic activity.
German exports to China fell by 6.5 per cent on the year in January and the Federal Statistics Office said the drop could not yet be linked to the coronavirus, as the looming impact of the epidemic threatens to tip Europe’s largest economy into recession.
The economic fallout from the Covid-19 shock is ongoing and increasingly difficult to predict but there are clear indications that things will get much worse for developing economies before they get better, a new report has said.