China likely to import more food grains as output declines
The Dollar Business Bureau China is expected to import more grains as compared to last year after the country’s production this year dropped by around 5.2 million tonnes and the planting area dipped and the yield per unit edged down, as per official data. In 2016, China’s total grain output stood at around 616 million tonnes, dropped by around 5.2 million tonnes (about 0.8%), compared with the previous year, according to the data released by the China’s National Bureau of Statistics (NBS). The area under grain planting in the country has contracted by about 3.15 lakh hectares, whereas the yield per unit declined by 30.7 kg per hectare, it said. Going through the unbalanced demand and supply among varieties of grain, several areas have cut ...
Chinas economic growth slowest in 25 years
Source: PTI China’s economy grew 6.9% in 2015, the slowest pace in 25 years, slipping below the 7%-mark and sparking concerns both at home and abroad over the continued slowdown in the world’s second largest economy. The growth rate, released by China’s the National Bureau of Statistics (NBS) on Tuesday, moderated to 6.8% for the fourth quarter, the lowest quarterly rate since the global financial crisis in 2009, and 6.9% for 2015. Chinese Premier Li Keqiang last year had said that the Chinese government targeted an annual economic growth of around 7% for 2015. As per the new data, China’s Gross Domestic Product (GDP) reached 67.67 trillion yuan (about $10.3 trillion) in 2015, with the service sector accounting for 50.5%, ...
China's GDP falls to 6.9% in Q3, weakest since 2009
Source: PTI China's GDP decelerated to 6.9% in the third quarter of this year, posting its worst growth since the 2009 global financial crisis which could prompt the Communist giant to roll out a new stimulus package to arrest the slowdown of the world's second largest economy. China's economy slid below the targeted 7% in the third quarter this year, the weakest since the global financial crisis in 2009 amid continued fall of exports mounting pressure on the country's economy. The economy posted a 6.9% growth year on year in the third quarter of 2015, lower than 7% in the first half of the year, China's National Bureau of Statistics (NBS) announced on Monday. The government has set 7% as the GDP ...
Government for promotion of domestic fertilizers
The Dollar Business Bureau The Minister of State for Chemicals & Fertilizers, Hansraj Gangaram Ahir, on Friday, informed about the government’s moves focused on the incentivization of the domestic production of fertilizers. According to the Minister, a study conducted by the Department of Fertilizers through Ernst & Young focused on the impact of Nutrition Based Subsidy (NBS). According to the findings of the study, the overall burden from the Phosphatic & Potassic (P&K) fertilizers declined, the availability of the same improved, and there has been a significant increase in prices payable by farmers for P&K fertilizers. The study further recommended that the prices of P&K fertilizers must be reasonable and the Indian players in mines should make a strategic investment ...
