Astounding to see China’s share in global steel production
Source: Annual Report 2017-18 of Maithan Alloys Ltd

Astounding to see China’s share in global steel production
Source: Annual Report 2017-18 of Maithan Alloys Ltd

“As evidenced by this investigation, the threats we face have never been more pervasive or more potentially damaging to our national security. And no country poses a broader, more severe, and long-term threat to our nation’s economy and cyber infrastructure than China.
China’s goal, simply put, is to replace the U.S. as the world’s leading superpower—and they’re breaking the law to get there. They’re using an expanding set of non-traditional and illegal methods. And Chinese state-sponsored actors are the most active perpetrators of economic espionage against us.
In short, they seek to strengthen themselves and weaken the United States. And while we welcome fair competition, we cannot and will not tolerate illegal hacking, stealing, and cheating.
This is conduct that hurts American businesses, American jobs, and American consumers. The Chinese government’s not pulling any punches. They want what we have so they can get the upper hand on us. And they’re highly strategic in their approach—they’re playing the long game.”
Some stuff I am reading today morning:
Farm loan waiver may give banks 1.5 L Cr headache (ET)
Govt gives tax relief to startups (Mint)
US-China trade war intensifies (CNBC)
Interview with Vijay Kedia (MC)
On Indian retail investors (BQ)
The Jhunjhnuwala Brothers (Forbes)
Company Profile: Skechers India (OB)
How to prepare your portfolios for bear markets (Ian Cassel)
Where we’re going (Irrelevant Investor)
Putting panic in perspective (Swedroe)
Source: Annual Report of Jubilant Foodworks Ltd 2017-18

Hat Tip: Nick
