This month’s biggest climate milestones happened over one weekend. On Sunday, the US Senate approved hundreds of billions of dollars in climate and clean-energy spending. Just two days before, climate Continue Reading
China’s homegrown new-energy vehicle makers are booming as demand surges, with sales now forecast to hit a record six million this year in the world’s largest auto market. Warren Buffett-backed Continue Reading
Highlights Bilateral climate agenda moves from collaboration to competition COP27 outcomes could be impacted Green hydrogen, CCUS, methane reduction likely to be hit China’s suspension of climate dialogue with the Continue Reading
China’s imports of major commodities presented a mixed picture in July, with crude oil undeniably weak, but some signs of life in industrial metals such as copper and iron ore. Continue Reading
China took a notable regulatory step in the field of driverless taxis, with two cities giving Baidu Inc. BIDU -1.61%▼ approval to operate ride-hailing services without a driver or a Continue Reading
China’s crude oil imports remained weak, as expected, in July, edging up a mere 0.9% to 8.83 million b/d from the 47-month low in June amid destocking activity and slow Continue Reading
China’s export growth unexpectedly picked up speed in July, offering an encouraging boost to the economy as its struggles to recover from a COVID-induced slump, but weakening global demand could Continue Reading
China shortened the length of suspensions for inbound airline flights that carry passengers infected with Covid-19, the latest sign the nation may be ready to ease virus-control measures for international Continue Reading
China’s export machine remained surprisingly resilient in July following a strong bounceback from the spring’s harsh Covid-19 restrictions, defying again predictions of softening global demand for Chinese-made goods. Chinese shipments Continue Reading
China’s largest utility will soon begin the construction of some $22 billion of new long-distance, ultra-high-voltage transmission lines to connect more wind and solar installations to the grid. State Grid Continue Reading
Soy crushing plants reduce operations amid sharp losses China’s soybean demand projections revised down for August But soybean oil entering stronger demand season in the month The operating rate at Continue Reading
Note: According to Reuters’ sources, CATL is pressing ahead with plans to deliver lower-cost lithium iron batteries to Ford Motor Co. and with plans for battery production in North America Continue Reading
Russia registered 17,126 new cases of coronavirus in the last 24 hours, the highest daily increase since April 2, the country’s anti-pandemic taskforce said in a statement. The taskforce said Continue Reading
Pelosi’s Taiwan Trip Spurs China Battery Giant to Pause Plant Debut A giant Chinese supplier of electric-vehicle batteries decided to push back announcing a multibillion-dollar North American plant to supply Continue Reading
China’s “precarious” debt trajectory and its slowing population growth mean it could be eclipsed by India as the world’s most important buyer of minerals in a decade, according to Dambisa Continue Reading
Beijing reluctant to spend its way out of real-estate troubles Goldman sees steel demand heading for 5% decline this year Bloomberg News China’s steel industry is entering a precarious new Continue Reading
Six years ago, China suffered a severe natural gas shortage and has since been very careful to ensure it has as much gas as it needs before winter. One of Continue Reading
Residents line up for a Covid-19 test in Shanghai, in June. Photographer: Qilai Shen/Bloomberg Bloomberg News China’s economy weakened further in July amid a resurgence in Covid outbreaks, China Beige Continue Reading
Tesla Inc. has signed new long-term deals with two of its existing Chinese battery-materials suppliers, the latest move by automakers to secure supplies amid intensifying competition. Zhejiang Huayou Cobalt Co. Continue Reading
A nascent two-month recovery in China’s home sales ended in July, as a widespread mortgage revolt over concerns that ailing property developers wouldn’t be able to deliver still-unfinished apartments weighed Continue Reading
China’s factory activity unexpectedly contracted in July, reversing earlier economic momentum as sporadic Covid outbreaks weigh on the recovery. The official manufacturing purchasing managers index fell to 49 from 50.2 Continue Reading
Volkswagen Group China unveiled its first electric Vertical Take-Off and Landing (eVTOL) passenger drone prototype, as part of its strategy to explore and break new ground in fully electric and Continue Reading
Russia is boosting natural gas shipments to China as it curbs flows to Europe, a dynamic that may offer some respite from the unprecedented rally in energy costs, according to Continue Reading
In a first for Chinese offshore shale, state-run oil giant CNOOC has announced what it claims to be a commercial discovery in the Beibu Gulf in the South China Sea Continue Reading
Japan is encouraging regional authorities to take steps to contain a new coronavirus variant that has sent cases to record levels, but there is no plan for sweeping national measures. Continue Reading
Image caption, A recent study suggested a strong association between the outbreak and animals at Wuhan’s Huanan wildlife market Almost one million people in a suburb of Wuhan – China’s Continue Reading
A woman shields from the sun in Beijing’s central business district. Photographer: Mark Schiefelbein/AP Photo Bloomberg News Scorching temperatures across China are straining power grids as the country tries to Continue Reading
China’s economic slowdown is spilling over to major exporting nations in Europe and East Asia through falling demand for manufactured goods, causing Germany and South Korea to post rare deficits Continue Reading
Asian nations are letting up on discounted Russian oil exports, with Bloomberg data showing a 13% decline over the past four weeks as Chinese and Indian demand ease, chipping away Continue Reading
China’s economic activity has started to recover from the late-May COVID-19 resurgence, while the government has also been stepping up fiscal and monetary stimuli to support the recovery. However, recovery Continue Reading
China’s crude throughput is likely to edge lower in July, weighed down by maintenance at state-owned refineries amid uneven oil product demand recovery and limited exports , S&P Global Commodity Continue Reading
More trouble for China’s rural commercial banks is more or less inevitable unless the property market turns around soon. A protest by bank depositors in the province of Henan has Continue Reading
BEIJING, July 22 (Reuters) – China will make great efforts to consolidate its economic recovery particularly in the crucial third quarter, putting a priority on stabilising employment and prices, state Continue Reading
Photovoltaic modules at a solar power plant near Golmud, Qinghai province, China. Photographer: Qilai Shen/Bloomberg Bloomberg News China’s government is preparing to intervene to halt soaring polysilicon prices that have Continue Reading
China’s fuel oil exports over January-June slumped 7.3% year on year to 9.09 million mt (318,982 b/d), pressured by a sharp rise in domestically produced barrels amid ambitious plans to Continue Reading
Customers queue outside a Western Sydney chemist to purchase Rapid Antigen Test kits in the wake of the coronavirus disease (COVID-19) pandemic in Sydney, Australia, January 5, 2022. REUTERS/Jaimi Joy Continue Reading
Bloomberg News For those dismayed at the searing heat afflicting much of the planet, some sobering news from the world’s biggest coal industry: the dirtiest fossil fuel will remain China’s Continue Reading
High LNG prices have made the commodity significantly less popular in China. Coal-supportive policies are making coal-fired power more attractive. Lower power demand as a result of China’s strict covid Continue Reading
ESPO crude grade gains popularity in China. ESPO goes for around $1-$2 discount per barrel to the international benchmark Brent. High demand for the cheaper Russian crude relative to rival Continue Reading
China’s very-strict covid policies continue to be a major risk for crude markets. China was almost single-handedly responsible for the commodities pricing super-cycle that occurred between 2000 and 2014. Any Continue Reading
China’s imports of Russian crude oil fell 10.6% from a record high in May to 1.78 million b/d, or 7.29 million mt, in June, but the producer remained the biggest Continue Reading
June Russian oil imports 1.77 mln bpd, +9.5% y/y Saudi No.1 supplier for H1 at 1.75 mln bpd; Russian 1.67 mln bpd H1 imports from Angola -14% y/y, Brazil -23% Continue Reading
Several large Chinese cities including Shanghai are rolling out new mass testing or extending lockdowns on millions of residents to counter new clusters of COVID-19 infections, with some measures being Continue Reading
A persistent heatwave is hobbling China’s ability to keep its factories operating as virus curbs disrupt the supply of coal and inventories of the fuel run low. The government’s pledge Continue Reading
Gasoline exports slumped by 42 percent annually in the first half of this year compared to the same period of 2021. Chinese authorities continue to reduce export quota. Combined with Continue Reading
Covid-19 is surging around the United States again in what experts consider the most transmissible variant of the pandemic yet. But something is different this time: The public health authorities are holding Continue Reading
Two of China’s biggest cities ordered residents to undergo mass Covid-19 tests this week, highlighting the risk that fresh outbreaks could trigger new and economically costly lockdowns. Authorities in Tianjin, Continue Reading
China’s gasoil, gasoline and jet fuel exports in June dropped to a seven-year low of 1.58 million mt, or 426,000 b/d, data released by the General Administration of Customs July Continue Reading
Bloomberg News China is censoring crowd-sourced documents tallying the number of mortgage boycotts spreading across the country, potentially hampering a key source of data for global investors and researchers tracking Continue Reading
Two years ago, China’s economy bounced back briskly after suffering its worst contraction in decades when authorities locked down the metropolis of Wuhan to keep the coronavirus at bay. China Continue Reading
