Bloomberg News Sign up for the New Economy Daily newsletter, follow us @economics and subscribe to our podcast . China’s factory activity expanded in December as production and sales picked Continue Reading
Some have shared videos on social media of them swapping cigarettes for cabbage, and a Nintendo Switch for instant noodles and steamed buns Some residents under quarantine in the Chinese Continue Reading
China imposed a partial shutdown on the 1.3 million residents of Yuzhou, a city in the central province of Henan, after finding three asymptomatic cases of Covid-19. Hong Kong also Continue Reading
Chinese officials have pledged to alleviate food shortages in Xi’an for residents locked in their homes as the country battles its worst Covid-19 outbreak since the coronavirus pandemic started in Continue Reading
China’s meticulous plans to prevent an Olympics-seeded COVID-19 outbreak by sealing all participants inside a “closed-loop” for the upcoming Winter Games will be tested by the emergence of the highly Continue Reading
Germany is contemplating further measures to contain Covid-19 as the omicron variant threatens to become the dominant strain in the country by mid-January. When Chancellor Olaf Scholz meets with state Continue Reading
China faces “unprecedented” difficulty in stabilizing trade next year as favorable conditions that boosted export growth this year won’t be sustainable, according to a commerce ministry official. Export gains may Continue Reading
Nature and geopolitics can interact in nasty ways. The historian Geoffrey Parker has argued that changing weather patterns drove war, revolution and upheaval during a long global crisis in the Continue Reading
Beijing’s commitment to step up purchases of U.S. goods and services under a 2020 trade pact expires Friday with China expected to miss its targets by a wide margin, creating Continue Reading
Chinese authorities have asked that state companies reduce their energy consumption and carbon dioxide emissions by 2025 compared to 2020 levels as part of China’s plan to have its CO2 Continue Reading
The construction crew peered into two inky shafts bored into a rocky cliff face, bracing against the bitter cold and the impending blast. Harpal Singh gave the go-ahead. The mountain Continue Reading
Chinese authorities have asked that state companies reduce their energy consumption and carbon dioxide emissions by 2025 compared to 2020 levels as part of China’s plan to have its CO2 Continue Reading
The head of the World Health Organization said Wednesday that he’s worried about the omicron and delta variants of COVID-19 producing a “tsunami” of cases between them, but he’s still Continue Reading
Oil prices eased on Thursday after the world’s top importer China cut the first batch of crude import allocations for 2022, offsetting the impact of U.S. data showing fuel demand Continue Reading
Carbon emissions in China could peak two years earlier than planned as the economy slows and Beijing prioritizes renewable energy, according to a leading government think tank. China has pledged Continue Reading
In the central Chinese city of Xi’an, 13 million people are dealing with one of the world’s strictest coronavirus lockdowns. Residents have been ordered to stay in their homes since Monday, with Continue Reading
China’s Ministry of Commerce has issued 12.65 million mt of oil product import quotas in the first batch for 2022, sources with knowledge about the matter said on Dec. 30. Continue Reading
The average number of daily confirmed coronavirus cases in the United States hit a record high of 258,312 over the past seven days, a Reuters tally showed on Wednesday, as Continue Reading
With a caseload nearly twice that of the worst single days of last winter, the United States shattered its record for new daily coronavirus cases, a milestone that may still Continue Reading
About two and a half years ago, we told readers China was panic hoarding food , which was several months before the virus pandemic began to spread worldwide; Beijing has Continue Reading
A winter surge in Covid-19 cases driven by the Omicron variant is prompting economists to downgrade U.S. and global growth expectations in the early part of 2022 as businesses struggle Continue Reading
Crude oil demand in China is set to peak in 2030, until then driven by robust petrochemicals demand, research from state oil giant CNPC has suggested. This is a revision Continue Reading
China, under fire for approving new coal power stations as other countries try to curb greenhouse gases, has completed the first 1,000-megawatt unit of the Shanghaimiao plant, the biggest of Continue Reading
Coronavirus Cases Surge Across the Globe France will force its citizens to work from home for most of next month to contain the spread of the highly transmissible omicron variant. Continue Reading
Health experts urged the Italian government on Monday to relax COVID-19 quarantine rules, saying that the country otherwise risked paralysis as the highly infectious Omicron variant spreads. Under current rules, Continue Reading
Coronavirus cases are being reported at record levels across the world — surpassing even last winter’s devastating peak in some places — as officials grapple with a surge caused by Continue Reading
People cross a bridge at Pudong financial district in Shanghai August 11, 2014. China’s fiscal expenditure grew 9.6 percent in July from a year earlier to 1.03 trillion yuan (99.7 Continue Reading
The city at the center of China’s worst Covid-19 outbreak in almost two years has tightened lockdown measures and launched another round of mandatory testing for its 13m residents in Continue Reading
China has set fuel oil import limit at 16.2 million mt for 2022, unchanged from 2021, according to a policy release by the Ministry of Commerce dated Dec. 23. Receive Continue Reading
President Joe Biden’s chief medical adviser warned on Sunday that the number of Americans infected with Covid-19 was likely to “go much higher” before easing off in the new year. Continue Reading
Thousands of would-be travelers received last-minute cancellations of their Christmas flights on Friday and Saturday because of the recent spike of Omicron cases, including among airline workers. The number of Continue Reading
Signs are mounting that the U.S. economy is losing some steam as the Omicron variant of the Covid-19 virus spreads rapidly through parts of the country. The number of diners seated at Continue Reading
The rapid spread of the omicron variant could be a major setback for efforts to reverse sharp inequality in the accessibility of effective coronavirus vaccines around the world, public health experts Continue Reading
Three separate teams of scientists on two continents have found that Omicron infections more often result in mild illness than earlier variants of the coronavirus, offering hope that the current Continue Reading
China is redoubling efforts to control new virus outbreaks with a lockdown of the 13 million residents of the northern city of Xi’an following a spike in coronavirus cases. The Continue Reading
China has locked down 13m people in the central city of Xi’an, as the country battles to contain increasingly frequent coronavirus outbreaks that threaten its economic recovery in the run-up Continue Reading
China has approved the merger of three leading rare earths companies, creating a state-owned powerhouse that will be the world’s largest producer of the strategic resource and strengthen government control Continue Reading
China’s independent refiners’ demand for bitumen blend has been slipping in recent weeks amid tepid margins for producing asphalt, largely due to seasonal slowdown in construction activity in winter, sources Continue Reading
Chinese property developers have been hit by record numbers of downgrades from international credit rating agencies this year, as Evergrande’s collapse fuels concerns over the health of China’s economy. The Continue Reading
U.S. health regulators on Wednesday authorized the first pill against COVID-19, a Pfizer drug that Americans will be able to take at home to head off the worst effects of Continue Reading
The United States on Wednesday authorized Pfizer Inc’s (PFE.N) antiviral COVID-19 pill for at-risk people aged 12 and above, making it the first oral treatment and which can be taken Continue Reading
China National Offshore Oil Corporation (CNOOC), the largest Chinese importer of liquefied natural gas, has signed a deal with U.S. firm Venture Global LNG to buy LNG from a new Continue Reading
Highlights CNOOC deals cover 3.5 million mt/year of LNG Flurry of activity this year as end-user prices soar An affiliate of China’s largest LNG importer, CNOOC, has agreed to buy Continue Reading
As the global pandemic hit, the world’s biggest maker of electric car batteries, a Chinese company now worth more than General Motors and Ford combined, suddenly faced its own crisis. Continue Reading
China’s gasoil output from refinery hit a record high of 16.45 million mt, or 4.09 million b/d, in November in response to Beijing’s call to ensure domestic supply, data from Continue Reading
The Omicron variant of the coronavirus is spreading faster than the Delta variant and is causing infections in people already vaccinated or who have recovered from the COVID-19 disease, the Continue Reading
The Omicron variant caused more than 70% of recent Covid-19 cases in the U.S., the Centers for Disease Control and Prevention said Monday, highlighting its substantial increase in infectiousness compared with earlier Continue Reading
China’s voracious appetite for natural gas has sparked a wave of deals with US exporters of the fuel, strengthening energy trade between the world’s two biggest economies even as their Continue Reading
A growing body of preliminary research suggests the Covid vaccines used in most of the world offer almost no defense against becoming infected by the highly contagious Omicron variant. All Continue Reading
Chinese companies are laying off tens of thousands of workers as Beijing’s regulatory clampdowns weigh on the technology, education and property sectors, which in many cases offered higher salaries than Continue Reading
