China Plans Mammoth Offshore Windfarm
The Chinese city of Guangdong plans to start the of a massive 43.3 GW offshore wind farm. The location of the wind farm is ideal, with winds strong enough to Continue Reading
Australia’s east braces for more heavy rain, ‘life-threatening’ floods
Large swaths of Australia’s southeast were under flood evacuation alerts on Saturday as the nation’s weather forecaster warned major flooding could hit parts of New South Wales devastated by floods Continue Reading
CNOOC Limited Announces First Deep-Deep Large Gas Field
CNOOC Limited has announced the first ‘deep-deep’ large gas field. CNOOC Limited has announced the first “deep-deep” large gas field, dubbed Baodao 21-1, which it says has proved gas-in-place of Continue Reading
Oil prices rise on possible easing in China COVID quarantine measure
Oil prices gained around $1 on Thursday as investor sentiment rose on news that China is considering a cut in the duration of quarantine for inbound visitors. Brent crude futures Continue Reading
China’s ‘Blue Sky’ Efforts May Ease Energy Crunch and Coal Rally
Efforts by China to control air pollution by reining in industrial output could help ease an energy crunch and tame a bull run in thermal coal, according to the China Continue Reading
Chinese Steel Manufacturers On The Brink Of Bankruptcy
Chinese steelmakers are facing mounting headwinds. High energy costs and falling steel prices are eroding manufacturers’ profitability. Many Chinese steelmakers are on the brink of bankruptcy. Is it all doom Continue Reading
Impact of China’s Zero Covid Policy on Display
‘Beijing was as close as ever to full aerial lockdown as it prepared to host the 20th Congress of the Chinese Communist Party’. The impact of China’s zero-Covid policy is Continue Reading
China to boost development of new energy system, climate change governance: Xi
Highlights New energy system refers to new fuel sources, technologies Environmental conservation accounts for large section speech Low-carbon push tempered by energy security concerns China plans to accelerate the development Continue Reading
Xi Jinping’s Ideological Ambition Darkens China’s Economic Prospects
Xi Jinping laid out ambitious plans two years ago to expand China’s wealth and double the size of the nation’s economy by 2035. The target would require China’s economy to Continue Reading
Flying to China in Economy Class Will Cost You $5,000
China is creaking open the door to international travel, but getting into the country comes with a cost—thousands of dollars for a flight. Michael Hart this summer made his first Continue Reading
China Abruptly Delays GDP Release During Communist Party Conference
China abruptly delayed the publication of its third-quarter gross domestic product data Monday, a day before it was set to be released, an unusual move as the country’s ruling Communist Continue Reading
China vows to step up capacity of energy supply, reserves
China will greatly increase domestic energy supply capacity and its reserve capacity for key commodities, government officials said on Monday, reiterating a policy of ensuring supplies and stabilising prices of Continue Reading
China Delays Release of GDP Data Due Tuesday, No Reason Given
China delayed the release of third-quarter gross domestic product data, which were scheduled for release Tuesday, without giving any reason. The National Bureau of Statistics updated its release schedule on Continue Reading
China Halts LNG Sales to Foreign Buyers to Ensure Own Supply
China told its state-owned gas importers to stop reselling LNG to energy-starved buyers in Europe and Asia in order to ensure its own supply for the winter heating season. The Continue Reading
China Won’t Rush Its Clean Energy Transformation, Xi Says
President Xi Jinping has promised a slow and steady end to the growth of planet-warming emissions in China, with energy security taking top priority as the country contends with a Continue Reading
Australia’s New Climate Politics Will Reshape its Entire Economy
Long accused of being a laggard on climate action, Australia in September passed its first binding emissions reductions target, enshrining into law a 43% cut from 2005 levels by 2030 Continue Reading
China to boost development of new energy system, climate change governance: Xi
New energy system refers to new fuel sources, technologies Environmental conservation accounts for large section speech Low-carbon push tempered by energy security concerns China plans to accelerate the development of Continue Reading
Explainer: Australia floods: why the country is battling weather again
Floods caused by torrential rain are hitting large swathes of southeast Australia, inundating hundreds of homes and forcing authorities to urge thousands of people to evacuate. Areas of three southeastern Continue Reading
Xi set to open party congress at challenging time for China
Chinese President Xi Jinping will take the stage on Sunday to kick off a historic congress of the ruling Communist Party, where he is poised to win a third term Continue Reading
Japan’s Government Will Buy LNG If Private Companies Can’t Afford To
Japan’s government is amending laws that will allow state firm Japan Oil, Gas and Metals National Corporation (JOGMEC) to buy liquefied natural gas this winter if private companies cannot afford Continue Reading
Japan Considers Extending Its 60-Year Limit On Nuclear Power Plants
Amid an energy crunch that served a severe blow to Japan’s economy, the government in Tokyo is considering extending the lives of the country’s nuclear power plant fleet beyond the Continue Reading
Analysis: China faces its “Sputnik” moment as US export curbs deal a blow to its chip ambitions
U.S. export restrictions on chip equipment to China are likely to lead to its “Sputnik” moment, prompting Chinese chipmakers to try creative engineering solutions and chart their own course even Continue Reading
China’s Bursting Housing Bubble Will Rock the Economy for Years
Covid Zero Weighs on China’s Economy Bloomberg News The wave of stimulus aimed at reviving China’s housing market — billions in bank loans, interest rate cuts and support for developers Continue Reading
China Covid: Frustration as Beijing hit by restrictions ahead of congress
Exhibitions highlighting China’s achievements under Xi Jinping have been set up around the country ahead of the congress By Tessa Wong & Stephen McDonell BBC News, Singapore and Beijing Frustration Continue Reading
Lockdown Worries Return to Shanghai, China Covid Tally Rises
WATCH:t Xi is set to trumpet his strict measures to control the virus at China’s party congress. Stephen Engle and David Qu report. Bloomberg News China is stepping up efforts Continue Reading
Tesla, BYD Break China Delivery Records as EV Rivalry Goes Global
Tesla Inc. TSLA -0.05%▼ and its Chinese rival BYD Co. have each broken their monthly records for deliveries of electric vehicles in China as the global competition between the world’s Continue Reading
Nissan to Fully Exit Russia Market, Expects ¥100 Billion Loss
A Nissan Leaf electric automobile charges at a vehicle charging point in Moscow, Russia. Source: Bloomberg Nissan Motor Co. joined Toyota Motor Corp. in deciding to completely pull out of Continue Reading
Lockdown Worries Return to Shanghai, China Covid Tally Rises
: Xi is set to trumpet his strict measures to control the virus at China’s party congress. Stephen Engle and David Qu report. Bloomberg News China is stepping up efforts Continue Reading
China urges ‘patience’ as COVID cases rebound ahead of key congress
China called for “patience” with its tough COVID policies and warned against any “war-weariness” as local cases soared to their highest since August, days ahead of a pivotal Communist Party Continue Reading
Column: China’s reliance on gas imports threatens security
China’s reliance on imported gas is increasing despite government efforts to boost domestic output, creating an intensifying problem for both energy and national security. China’s gas production increased by 6% Continue Reading
China’s Covid Lockdowns Deal Another Blow to Consumer Spending
A renewed wave of pandemic-related lockdowns in major Chinese cities is hampering hopes for a recovery in consumer spending, showing how difficult it is for Beijing to rekindle growth without Continue Reading
Biden Administration Clamps Down on China’s Access to Chip Technology
The Biden administration on Friday announced sweeping new limits on the sale of semiconductor technology to China, a step aimed at crippling Beijing’s access to critical technologies that are needed Continue Reading
China releases first batch of 2023 crude oil import quotas -sources
China has issued the first batch of crude oil import quotas for 2023, mainly to independent refiners, four sources familiar with the matter said on Saturday. The volume issued is Continue Reading
China Services Activity Drops as Covid Lockdowns Curb Spending
China’s services activity contracted in September for the first time in four months as Covid lockdowns in major cities such as Chengdu dampened consumer spending. The Caixin services purchasing managers’ Continue Reading
U.S. aims to hobble China’s chip industry with sweeping new export rules
The Biden administration on Friday published a sweeping set of export controls, including a measure to cut China off from certain semiconductor chips made anywhere in the world with U.S. Continue Reading
AGRICULTURE WEATHER WATCH: Severe rainfall seen affecting Australian wheat quality
Excessive rainfall to impact Australian wheat protein content EU grain production slashed on low yields US weather outlook for key grain regions unfavorable Weather conditions favorable for Brazil corn Australia’s Continue Reading
COVID wave looms in Europe as booster campaign makes slow start
A new COVID-19 wave appears to be brewing in Europe as cooler weather arrives, with public health experts warning that vaccine fatigue and confusion over types of available vaccines will Continue Reading
China Is Expanding Its Energy Footprint In The Middle East
The top of China’s agenda in energy terms remains the Middle East. The recent Shanghai Cooperation Organization (SCO) summit saw China enhance its influence with several of the world’s leading Continue Reading
The West’s Rare Earth Rush Is Being Threatened By Ongoing Energy Crisis
The West’s race to reduce reliance on Chinese rare earths is facing headwinds. Europe’s ongoing energy crisis has forced smelters and producers to shut down. Ionic Rare Earths has just Continue Reading
China to Host Almost a Third of the World’s New Coal Mines
Almost a third of the new coal mines planned for the world are in China, all but guaranteeing that output will keep rising in the top producer, even as calls Continue Reading
Yen Weakens Past 145 Per Dollar, Nears Prior Intervention Levels
Monex’a Simon Harvey discusses the yen’s drop and BOJ policy. The yen slid back past 145 per dollar, prompting renewed warnings from Japan’s finance minister and boosting speculation the government Continue Reading
China Is Rerouting U.S. Liquefied Natural Gas to Europe at a Big Profit
China’s ENN is expected to make a profit of between $110 million and $130 million on a single liquified natural gas shipment to Europe. SINGAPORE—The economic slowdown in China, a Continue Reading
China Tightens Lending Taps, Leaving African Markets Vulnerable
s Developing countries in Africa are losing a champion that for years allowed them to borrow at cheaper rates than they could find in capital markets. China, Africa’s largest bilateral Continue Reading
China Is Rerouting U.S. Liquefied Natural Gas to Europe at a Big Profit
China’s ENN is expected to make a profit of between $110 million and $130 million on a single liquified natural gas shipment to Europe. SINGAPORE—The economic slowdown in China, a Continue Reading
China property woes trigger decline in global cement output
The biggest fall in Chinese cement production in at least two decades has dragged global output of the construction material into decline, demonstrating how a crisis in the country’s vast Continue Reading
Indonesia Set To Win Big As European Smelters Shut Down
The ongoing energy crisis has forced smelters in China and Europe to curb production. Indonesian nickel producers are aiming to ramp up production as prices inch higher. Many feel that Continue Reading
In China, Living Not ‘With Covid,’ but With ‘Zero Covid’
The signs of a looming lockdown in Shenzhen, China, had been building for a while. The city had been logging a few coronavirus infections for days. Daily Covid tests were Continue Reading
Japan’s dependency on Middle East crude reaches 94.5% in August -METI
Japanese crude oil imports from the Middle East in August rose 12.1% from a year earlier to 2.82 million barrels per day (bpd), equivalent to 13.88 million kilolitres, with Japan’s Continue Reading
China to Allow a Lot More Fuel Exports in Possible Boost to Oil
China issued its biggest fuel-export quota this year, a highly anticipated allocation that could offer a lifeline to a faltering oil market. Refiners and traders have been given 15 million Continue Reading
China’s Rival Aircraft to Boeing, Airbus Jets Wins Certification
A Comac C919 aircraft. Photographer: Qilai Shen/Bloomberg China formally certified its homegrown aircraft to take on Boeing Co. and Airbus SE in the highly lucrative market for narrowbody jets, according Continue Reading