China’s trade dips as COVID curbs, global slowdown hit
8th Nov 2022
myonlineprep
Category:
China’s trade dips as COVID curbs, global slowdown hit
- China’s exports and imports unexpectedly contracted in October, the first simultaneous slump since May 2020, as COVID curb sat home and global recession risks dented demand.
- Outbound shipments in October shrank 0.3% from a year earlier, a sharp turnaround from a 5.7% gain in September, and official data showed on Monday. Imports dipped 0.7%, from a 0.3% gain in September.
India’s fuel demand rose 3.4% yoy in October: data
- India’s fuel consumption, aproxy for oil demand, rose3.4% yearonyear in October to 18.37 million tonnes, data from the Petroleum Planning and Analysis Cell (PPAC) of the Oil Ministry showed.
- Sales of gasoline, or petrol, were 8.8% at 2.99 million tonnes. Cooking gas orliquefied petroleum gas(LPG) sales decreased 3.3%to 2.40 million tonnes, while naphtha sales fell 24% to 0.96 million tonnes.
Take Free Quiz Now! (1 Question)
Like this article?
Subscribe to Myonlineprep - English to receive daily updates of the latest articles delivered straight to your inbox.
Trending
India Celebrates National Milk Day on 26th November
26th Nov 2022
Chief Minister Yogi Adityanath inaugurates north India’s first data centre at Greater Noida
2nd Nov 2022
‘Safe harbour’ clause in IT law
10th Mar 2023
Government approved Electronics Manufacturing Cluster at Ranjangaon
3rd Nov 2022
India The First Country in The World to Receive $100 billion in Remittances
7th Dec 2022
Comments (0)