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China apos;s Manufacturing Recovery Masks Strains On Smaller Factories ...

2020-12-30T18:30:25Z

LinoMunday8:

By Gabriel Crossley BEIJING, Dec 2 (Reuters) - Chinese industrial activity has snapped back to pre-coronavirus growth levels, with factory surveys hitting multi-year highs in November, but the headline expansion masks struggles for smaller firms and looming pressures for exporters. Readings from the official and Caixin's Purchasing Managers Indexes hit three- and 10-year highs respectively last month, a reflection of the [http://pixabay.com/en/new-zealand-waterfall-nature-industrial%20sector%27s/ industrial sector's] strong overall recovery. Official data also shows industrial profits for [https://www.kynghidongduong.vn/tours/tour-du-lich-trung-quoc-ha-khau-con-minh-le-giang-shangrila-shangri-la-6-ngay.html tour shangrila] large firms grew at their fastest pace since 2017 in October. Equipment, electronics and auto manufacturing have performed particularly well, helped by state subsidies targeting consumption of cars and white goods. But behind the strong headline numbers, many smaller firms, which employ the majority of China's workforce and are traditionally its collective engine of industry, are still struggling, say official data and analysts. "The recovery is uneven, because it's driven by investment and construction, and mainly for large firms," said Dan Wang, chief economist at Hang Seng Bank (China). "Monetary policy has been tight since June, so small firms face a widespread liquidity shortage." Following a string of supportive measures this year, China's central bank has shifted to a more steady stance as the economy rebounds. After a string of high-profile bond defaults, the PBOC this week unexpectedly injected 200 billion yuan ($30.4 billion) through its one-year medium-term lending facility, [https://www.kynghidongduong.vn/tours/tour-du-lich-trung-quoc-ha-khau-con-minh-le-giang-shangrila-shangri-la-6-ngay.html kynghidongduong.vn] in an apparent bid to soothe market nerves. Official data shows the recovery of factory activity for smaller firms has lagged well behind that of larger ones since the coronavirus stalled industrial activity earlier in the year. Small firms' factory activity only accelerated in two of the past six months, and at a much slower pace than that of larger ones. "The recovery of the manufacturing industry is still uneven," said Zhao Qinghe, an official of the National Bureau of Statistics, in [http://www.express.co.uk/search/comments%20released/ comments released] along with November PMI data. Certain sectors, such as textiles, have seen factory activity continue to decelerate every month this year, Zhao added. EXPORT UNCERTAINTIES Exporters also face uncertainties from the appreciation of the yuan currency and uncertain global demand, say analysts. The currency started its appreciation trend in June and booked six straight months of gains, its longest such winning streak since late 2014. It has risen nearly 9% against the dollar since late May. Some firms reported that a strong yuan squeezed profits and reduced export orders in November, said Zhao. "Now the expectation is RMB will continue to hike and that can wipe out more small export firms," said Hang Seng's Wang, referring to the renminbi, another name for the yuan. China has posted surprisingly strong headline export data for months, helped by strong foreign demand for [https://www.kynghidongduong.vn/tours/tour-du-lich-trung-quoc-ha-khau-con-minh-le-giang-shangrila-shangri-la-6-ngay.html tour lệ giang] medical supplies and electronics products and continuing virus-related disruptions of other countries' production. Surging infections and fresh lockdowns in some key trading partners could dent demand for some Chinese exports. But bringing the virus under control overseas could also reduce its competitive advantage in producing other goods. "China exports - and profits of export-oriented industrial firms - may face some headwinds if other major economies regain market share," said Bruce Pang, head of macro and strategy research at China Renaissance. (Reporting by Gabriel Crossley; Editing by Clarence Fernandez)

Copper Dips On Profit-taking U.S. Stimulus Hopes Curb Losses

2020-12-30T09:01:02Z

LinoMunday8: Created page with " By Mai Nguyen Dec 2 (Reuters) - Copper slipped on Wednesday as investors booked profits after prices rallied to multi-year highs on coronavirus vaccine hopes and s..."

By Mai Nguyen Dec 2 (Reuters) - Copper slipped on Wednesday as investors booked profits after prices rallied to multi-year highs on coronavirus vaccine hopes and strong economic recovery in China, but U.S. stimulus hopes limited losses. Three-month copper on the London Metal Exchange fell 0.1% to $7,685.50 a tonne by 0713 GMT, retreating from $7,743 a tonne, a level unseen since March 2013, hit on Tuesday. The most-traded January copper contract on the Shanghai Futures Exchange ended down 0.2% at 57,200 yuan ($8,718.18) a tonne, slipping from a more than eight-year high hit in the previous session. "Headwinds at the moment are a weaker equity and oil market, but copper is still holding well on its own. It can catch the rally when the selling pressure on the other products is over," said a Singapore-based metals trader. Oil prices extended losses, while Asian shares rebounded on hopes for additional U.S. economic stimulus and a coronavirus vaccine. "Copper still has space to go higher from here... pending the U.S. discussions on stimulus. Once the stimulus is announced, we have to prepare for a flip in direction. It's not all well and rosy yet," the trader said. The U.S. Congress should include a fresh wave of coronavirus stimulus in a $1.4 trillion spending bill, top Senate Republican Mitch McConnell said on Tuesday. FUNDAMENTALS * LME aluminium rose 0.8% to $2,080 a tonne, nickel fell 0.5% to $16,195 a tonne, zinc rose 0.5% to $2,784 a tonne and lead dropped 0.8% to $2,070.50 a tonne. * In Shanghai, aluminium climbed 1.2% to 16,835 yuan a tonne, [https://www.kynghidongduong.vn/tours/tour-du-lich-trung-quoc-ha-khau-con-minh-le-giang-shangrila-shangri-la-6-ngay.html tour lệ giang giá rẻ] nickel fell 0.7% to 119,730 yuan a tonne, zinc shed 1.2% to 21,160 yuan a tonne and [https://www.kynghidongduong.vn/tours/tour-du-lich-trung-quoc-ha-khau-con-minh-le-giang-shangrila-shangri-la-6-ngay.html tour shangrila] [http://photobucket.com/images/lead%20dropped lead dropped] 2.1% to 15,010 yuan a tonne. * For the top stories in metals and [https://www.kynghidongduong.vn/tours/tour-du-lich-trung-quoc-ha-khau-con-minh-le-giang-shangrila-shangri-la-6-ngay.html kynghidongduong.vn] other news, click or ($1 = 6.5610 yuan) (Reporting by Mai Nguyen; Editing by Shounak Dasgupta and Vinay Dwivedi)

Quibi Twitter Hack And Misinformation: The Biggest Tech Fails Of 2020

2020-12-30T06:26:41Z

LinoMunday8: Created page with "id="article-body" class="row" section="article-body"> For the most up-to-date news and information about the..."

id="article-body" class="row" section="article-body"> For the most up-to-date news and information about the coronavirus pandemic, visit the [ WHO website]. If there's anything this year has taught us, it's that we're more divided than ever. Whether it's fanboy arguments over Android versus iOS, Republicans versus Democrats, or shutdowns versus opening the economy, we seemingly can't agree on anything. Well, except for one thing: 2020 is a dumpster fire that we all can't wait to see in our rear view mirror. The coronavirus pandemic, which has infected [ 60 million people around the world] and led to roughly 258,000 deaths in the US alone, forced an economic shutdown that [ eliminated more than 22 million jobs in March and April]. It's also forced a shift in how we live our lives, which we're largely spending at home out of fear of either contracting or spreading the disease. That's led to a particularly [/health/how-to-celebrate-thanksgiving-safely-in-2020-guidelines-for-families-students-and-the-elderly/ hard Thanksgiving holiday], with millions of people unable to spend time with their loved ones. CNET Culture Entertain your brain with the coolest news from streaming to superheroes, memes to video games. It's around this time of the year that CNET traditionally unveils its "Tech Turkeys," our annual roundup of the biggest flops in tech. What started out as good-natured ribbing of the tech industry was a list that transformed into something much darker. IN recent years, we've seen a YouTuber [ ], multiple claims of [ ] and [ ] to keep us up at night. .subtext-iframemax-width:540px;iframe#subtext_embedwidth:1px;min-width:100%;min-height:256px;

User:LinoMunday8

2020-12-30T05:04:14Z

LinoMunday8: Created page with "I'm Lino and I live with my husband and our 3 children in Bleiberg-Notsch, in the BURGENLAND south part. My hobbies are Games Club - Dungeons and Dragons, Monopoly, Etc., Knap..."

I'm Lino and I live with my husband and our 3 children in Bleiberg-Notsch, in the BURGENLAND south part. My hobbies are Games Club - Dungeons and Dragons, Monopoly, Etc., Knapping and Creative writing. Feel free to surf to my website ... [https://www.kynghidongduong.vn/tours/tour-du-lich-trung-quoc-ha-khau-con-minh-le-giang-shangrila-shangri-la-6-ngay.html tour lệ giang]