ECONOMICINDICATORS
Commodity prices hit By economic slowdown
China & US Metals Price History US Cents / Lb
500.00
450.00
C -Copper
C- Aluminum
400.00
C -Zinc
350.00
C -Steel Scrap
C -Hot Rolled
300.00 C- Cold Rolled
C -Galvanized
250.00
C -Stainless steel
200.00
US -Copper
US -Aluminum
150.00 US - Zinc
US - Steel Scrap
100.00
US - Hot Rolled
50.00
US - Cold Rolled
US - Galvanized
0.00 US-304 Stainless CR
2004-6-1
2004-10-1
2005-2-1 2005-6-1
2005-10-1
2006-2-1 2006-6-1
2006-10-1
2007-2-1 2007-6-1
2007-10-1
2008-2-1 2008-6-1
2008-10-1
2009-2-1
On April 1st, 2009, China changed the export tariff on steel products:
Hot rolled: 0% export tariff (no change). Cold rolled: 13% export tariff refund (changed from 5%).
Galvanized: 13% export tariff refund (changed from 5%). Pre-paint: 13% export tariff refund (changed from 5%).
China adds more companies

Forbes magazine has added three more Chinese firms to its list of

the world’s
to Forbes list
2,000 biggest companies, bringing the total to 91 for 2009. Industrial and
Commercial Bank of China (ICBC), the world’s biggest bank by market value,
Ranking of mainland companies
has been ranked 12th, the highest for a Chinese company, while the country’s
largest oil producer China National Petroleum Corp is ranked 14th on the list Industrial and Commercial Bank of China 12
and China Construction Bank is 23rd. (Ranking)
China National Petroleum Corp 14
China Construction Bank 23
Hard facts
Bank of China 30
China Petrochemical Corp 33
China peasants’ annual income is expected to grow 6% in China in 2009,
lower than the growth in the previous year, points out the Rural Economy China Life Insurance 72
Green Book released by the Chinese Academy of Social Sciences.
China Telecom 139
China’s economy grew 6.1% year-on-year in the first three months of
Ping An Insurance 141
2009, down from 6.8% in the fourth quarter of 2008, the Wall Street Jour-
nal reported. This is the slowest quarterly growth in 17 years.
Bank of Communications 143
China Merchants Bank 221
5% is the 14 year high in U.S. personal savings, compared to 46% in China
Source: Taichi Automotive Newsletter
20 MAY/JUNE 2009 www.chainaonline.com
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