China’s Renewed Use of Coal Will Endanger Its Crops
China is turning back to low-cost coal to boost its ailing economy. It’s an understandable reaction to the toll caused by Covid lockdowns. But it will come with a steep price for Continue Reading
China Considers $220 Billion Stimulus With Unprecedented Bond Sales
China’s Ministry of Finance is said to be considering a $220 billion sale of special bonds. James Mayger reports. Bloomberg News China’s Ministry of Finance is considering allowing local governments Continue Reading
Tesla China Shipments Soar to Record as Plant Fires Back Up
Tesla Inc. monthly shipments of China-made vehicles rebounded to a record in June, a stunning recovery after restrictions to stop the spread of Covid in Shanghai knee-capped the carmaker’s factory Continue Reading
How China’s BYD played catch-up with Tesla
After three years as the world’s most popular maker of battery-powered cars, Tesla was this week forced to hand back that crown to one of the industry’s least known yet Continue Reading
Tanker Operators Are Raking It In Sending Russian Oil To China
Tanker operators willing to ship Russian crude are making a substantial amount of money sending Russian crude to China from Russia’s Far East. According to data compiled by Bloomberg, by Continue Reading
China extends record imports of Russian oil into June, cuts Saudi supply – trade
China extended record imports of low-priced Russian crude oil into June despite a lockdown-induced slackening in its total crude oil imports, squeezing out supplies from the Middle East and West Continue Reading
China Allows Refiners to Export 40% Less Fuel Than a Year Ago
Bloomberg News China issued its latest batch of fuel export quota for the year, but total allowances are still around 40% less than the same point in 2021. Some 5 Continue Reading
China and US Discuss Trump-Era Tariffs Biden’s Looking to Ease
:Yellen and Chinese Vice Premier Liu discussed US economic sanctions and tariffs. Bruce Einhorn reports. Bloomberg News Senior US and Chinese officials discussed US economic sanctions and tariffs Tuesday amid Continue Reading
Industry expects China to announce 2%-3% reduction in 2022 crude steel output
Highlights Output cut of around 20 million-30 million mt expected Annual steel demand may drop faster than supply China is likely to announce a 20 million-30 million mt, or 2-3% Continue Reading
Biden Might Soon Ease Chinese Tariffs, in a Decision Fraught With Policy Tensions
WASHINGTON—by competing policy aims: addressing inflation and maintaining economic pressure on Beijing. People familiar with the situation say what comes next has been pending with Mr. Biden in recent weeks Continue Reading