CHINA MINING News

The Chinese economy will continue to grow, despite going through a challenging period right now, said a US businessman at the 2019 World Economic Forum's Annual Meeting of the New Champions, also known as the Summer Davos Forum, in Dalian, Northeast China's Liaoning province.

Authorities to probe illegal behavior pertaining to price manipulation

Iron ore futures fell sharply on Friday, after a top official of the China Iron and Steel Association said authorities will crack down on illegal behavior related to iron ore price manipulation.

BEIJING, June 27 (Xinhua) -- Profits of China's major industrial firms fell 2.3 percent year on year in the January-May period, the National Bureau of Statistics (NBS) said Thursday.

The decline narrowed 1.1 percentage points from the first four months, according to the NBS.

China's economic planner on Monday expressed strong opposition to attempts to use products made with China's rare earth resources against the country's development.

Fluctuations in China's rare earth exports were the result of the market, the Ministry of Commerce said on Thursday.

BEIJING - Net gold purchases by central banks saw a year-on-year increase of 68 percent to 145.5 tonnes in the first quarter of 2019, driving global gold demand growth, according to a report issued by the World Gold Council (WGC).

WASHINGTON -- The World Bank on Tuesday lowered its global growth forecast for 2019 to 2.6 percent, while maintaining its growth projection for China at 6.2 percent, according to the newly released semi-annual Global Economic Prospects report.

Caterpillar, Micron among those keen on enhancing their presence in nation

US business leaders remain bullish about the long-term prospects of the China market, as the country vows to further open up despite headwinds.