Since Indonesia banned ore exports, the global nickel industry has been rocked by surging prices, Chinese workers like Zhang Qi Guang are building smelters in Sulawesi and business at Eva’s Jewel restaurant has collapsed.
Shanghai’s over-the-counter equity market was almost deserted on a weekday morning last week. Two cleaning ladies swept the floor of a trading hall devoid of brokers or computers, while a woman at an information desk ate breakfast and talked on her mobile phone.
China, the second-biggest corn user, may increase imports to a record in the marketing year starting Sept. 1 as wet weather in its northeast region cut grain quality, according to advisory service Yigu Information Consulting Ltd.
China’s stocks rebounded from a four- month low, erasing a weekly decline by the benchmark index, as investors speculated inflation may ease in coming months, reducing the need for further tightening measures.
China’s stocks fell the most in almost a week after a preliminary report on manufacturing signaled a sixth month of contraction and officials tightened standards for small companies listed on the ChiNext Board.