www.unuudur.com: The latest news of Mongolia in the World

China burns almost as much coal as the rest of the world combined and is reliant on the fossil fuel for two-thirds of total energy consumption and 80% of its electricity generation.

On Monday copper futures declined for the eight sessions in a row wiping out a supply-cut rally sparked by top producers Glencore and Freeport McMoRan at the start of the month.

China’s declining appetite for energy, metals and other commodities will hurt commodity-focused export economies, including Mongolia, Indonesia, Azerbaijan, and Kazakhstan, the Asian Development Bank said.

LAHORE, Pakistan — Moments after landing at Lahore’s international airport one ordinary day in September, crowds of Chinese professionals jockeyed for position in an immigration line that was as long as it was slow. For airport officials in Pakistan’s second-largest city, the sudden influx of Chinese nationals was unremarkable: The same thing is happening in [...]

A new report by the US Energy Information Agency (EIA) has indicated China’s coal consumption has slowed following almost a decade of fast expansion. A changing GDP, a reduction in economic growth, industry restructuring and new energy and environmental policies are reported to have all contributed to the slow down in consumption as well as [...]

The value of base metal miners and the diversified giants fell on Tuesday as metals prices dropped back to near financial crisis lows after Chinese manufacturing data shocked commodity markets.

As Chinese leader Xi Jinping welcomes Russian President Vladimir Putin to Beijing this week to celebrate the anniversary of the end of World War II, the news on the economic front for the two would-be allies isn’t nearly as positive.

Действия КНР в Средней Азии – циничный, но хороший пример для России, как выстраивать отношения с соседями. Не раздавать деньги в обмен на обещания дружбы, а извлекать выгоду из экономик сопредельных государств.

Although it’s not yet been officially announced, Jean-Jacques Annaud’s new film Wolf Totem is expected to be China’s submission for this year’s foreign language Academy Award.

The reverberations from China’s decision to let the yuan weaken and the slide in the Russian ruble forced two emerging-market central banks to devalue their currencies in a single day, fueling speculation who might be next.

The turmoil on Chinese share and currency markets, and worries about the true extent of the country’s economic slowdown continue to rattle investors.

Chinese coal imports remained weak during 1H15, when China imported 38% less coal (including lignite and anthracite) compared to 1H14. Just under 100 million t of coal was imported. As such, India is expected to supersede China as the world’s largest importer of coal.

Copper prices hit Tuesday a fresh six-year low, sliding below the psychological $5,000 a tonne level, as China’s equity market posted a steep fall.

The demand for coal in China continues to diminish. So much in fact that India is expected to succeed China as the world’s largest importer of coal this year. China’s consumption of coal accounts for just over 50 per cent of global consumption, however only around 5 per cent of it stems from imports, making [...]

The rally in the copper price on Monday after strong Chinese import numbers came to an abrupt halt on Tuesday following the country’s surprise currency move, widely seen as a response to slowing economic growth.

It’s just what global producers of steel and aluminum didn’t need: a yuan devaluation that makes the flood of exports from the world’s biggest producer even cheaper.

The corollary of the decline of the west is not the rise of Asia. It is the erosion of Asia, at least as an idea, as rivalries within geographic Asia overtake the notion of regional cohesion that once bound these countries together.

China’s recent stock market gyrations have some analysts now calling China the biggest bubble in history. But those who write off China because of market volatility are missing a more important long-term trend of Chinese geopolitical and monetary ascendancy. That trend shows no signs of abating.

The Chinese coal market remains oversupplied, according to a recent research note from Marex Spectrum, with coal consumption significantly lower this year than the past two years.

Australia’s beleaguered coal sector, already hit by a slump in the price of the commodity and China’s slowdown, may now have to also face tougher import restrictions from the world’s largest consumer of the fossil fuel.

China’s economic growth is expected to slow to 7% in 2015 and may even slip below that – the slowest pace since 1990.

According to the nation’s statistical bureau, China’s coal output in April dropped to 298 million t, a decrease of 7.4% from the same point a year ago. Declining economic growth and efforts to decrease consumption of polluting fossil fuels have hit the industry hard.

The price of iron ore held onto recent gains on Friday, despite trade data from top consumer China showing an unexpected drop in April amid growing signs of a slowdown in the world’s second largest economy.

Police in a village in northwestern China’s restive Xinjiang region have confirmed a violent operation in which six Uyghurs accused of being terrorists were killed and two escaped but were later apprehended, after a netizen had reported the incident last week on social media.

China’s import volumes of iron ore and coking coal are looking increasingly disconnected despite the price of both steel-making ingredients tumbling.

China’s Go West strategy of encouraging coastal to inland flow of capital and people will result in the formation of a new commodity superhighway, says advisory firm Wood Mackenzie (Woodmac). This new superhighway will impact the energy trade flows within China and externally, through the new Silk Road routes, and will link the country from [...]

Customs data has shown that China’s coal imports in the first quarter fell 42% on a year earlier, amid tepid demand and tighter quality checks.

Investors in coal-related companies face heightened default risks after one that relies on markets in China and Mongolia became the latest Chinese corporate to miss an interest obligation.

When Hou Minjun, commander of an armored unit in the Chinese military’s 27th Army, was ordered to drive his troops on a nine-day trip during a training exercise in Inner Mongolia, he lost over half his force in the event.

Низкие цены на энергоносители могут способствовать расколу элит в странах, существующих благодаря нефтяной ренте. Элиты ведь привыкли “пилить” значительный объем ресурсов, а тут приходится затягивать пояса. Годик-другой, понятно, все смогут потерпеть. Но длительное пребывание цен на сравнительно низком уровне спровоцирует внутриэлитные конфликты. “Голуби” будут просить еще некоторое время не предпринимать решительных действий ради будущего процветания, [...]