South Korea To Boost US Oil Imports In 2020
As South Korea is looking to reduce its over-reliance on crude oil imports from the Middle East, it has increased its oil imports from the United States in recent years, Continue Reading
China posts weakest growth in 29 years as trade war bites, but ends 2019 on better note
China’s economic growth cooled to its weakest in nearly 30 years in 2019 amid a bruising trade war with the United States, and more stimulus is expected this year as Continue Reading
Exclusive: Volkswagen to buy 20% of Chinese battery maker Guoxuan amid electric push – sources
Volkswagen AG is set to take a 20% stake in Chinese electric vehicle battery maker Guoxuan High-tech Co Ltd, two sources told Reuters, as the German firm accelerates its electric Continue Reading
China’s Economic Growth Slows to 6.1% as Trade and Business Confidence Suffer
Chinese economic growth slowed to 6.1% last year, according to figures released Friday, as sagging trade and business confidence pulled the closely watched reading to its lowest level in nearly Continue Reading
Births in China Fall to Lowest Level in Nearly Six Decades
The number of babies born in China last year fell to a nearly six-decade low, exacerbating a looming demographic crisis that is set to reshape the world’s most populous nation and Continue Reading
China’s Improving Economic Data Masks Deeper Problems
China’s factories are beginning to hum again. Its consumers are opening their wallets. Its trade tensions with the United States are easing. On paper, the world’s second-largest economy looks as if it Continue Reading
China launches fresh restrictions for thermal coal imports: sources
China has reportedly launched fresh restrictions on thermal coal imports this year, with tightened customs declarations at certain ports effective Friday, market sources said. Caofeidian port in northern China and Continue Reading
Debunkering of high sulfur marine fuel picks up pace in Hong Kong ahead of carriage ban in Mar
The number of vessels at the port of Hong Kong requesting for the debunkering of high sulfur bunker fuel has risen significantly this month, market sources said. Receive daily email Continue Reading
China speeds up infrastructure funding, should support steel demand
China has accelerated the issuance of local government special bonds since the start of January, in an effort to speed up infrastructure construction to offset downward pressure on China’s economic Continue Reading
China’s Largest Utility Company Warns “Growth To Decelerate Sharply Through 2024”
Ahead of tonight’s key China data dump, State Grid, China’s largest utility company, has warned the rate of economic growth in the country could plunge to 4% within the next Continue Reading