Category: China

US Firms’ Confidence on China Falls to Fresh Low China is battling Covid-19 in every province despite its use of the world’s strictest measures to keep the virus out. All Continue Reading

Bloomberg News China arrested hundreds of people allegedly involved in the nation’s largest ever bank fraud and started repaying more victims of the $5.8 billion scandal, in a bid to Continue Reading

China’s biggest property developer by sales is predicting more pain for the real estate industry after posting a record drop in first-half profit. “The home market hasn’t entirely bottomed out, Continue Reading

Customers at a food market in Shanghai, China. Bloomberg News Economists are turning more bearish about China’s economy, downgrading their growth forecasts further for 2022 and seeing lingering risks into Continue Reading

Bloomberg News China’s southwestern province of Sichuan restored most power supplies for industries and businesses by Sunday noon after restrictions lasting about two weeks, according to state television . Power Continue Reading

More than 100,000 people have been moved to safer areas by Monday as heavy rains brought flood risks to a region of southwest China that was devastated by a heatwave Continue Reading

Everyone thought a COVID-19-ravaged steel supply market in China took a turn towards recovery. However, many other hurdles now stand in the way, both long & short-term. Power cuts and Continue Reading

Shanghai’s famous Bund went dark on Monday as authorities turned off the waterfront district’s decorative lights to save energy. China extended power cuts in some areas to cope with soaring Continue Reading

Bloomberg News Profits at industrial firms in China fell in the first seven months of the year as the economy continued to grapple with Covid disruptions and an ongoing slump Continue Reading

 Profits at China’s industrial firms sank in July, reversing previous gains as fresh COVID-19 curbs dragged down demand and squeezed factory margins, while power shortages due to heatwaves threatened production. Continue Reading

Washington and Beijing have reached a landmark agreement that would allow US regulators access to audits of Chinese companies that are listed on American exchanges, in a deal that would Continue Reading

 Some of China’s state-backed financial institutions are pushing back on Beijing’s calls to support the embattled property sector due to concerns about the impact of such exposure on their balance Continue Reading

China’s energy administration has pledged to alleviate electricity shortages in Sichuan and Chongqing, which have ordered power cuts for industrial plants and even households, disrupting the operations of global heavyweights Continue Reading

Highlights Changing climate negatively impacts hydropower output Crucial to further expand power transmission, generation, storage capacities Energy security as top priority now, at the cost of climate policy China’s Sichuan Continue Reading

BEIJING (AP) — With China’s biggest freshwater lake reduced to just 25% of its usual size by a severe drought, work crews are digging trenches to keep water flowing to Continue Reading

Decorative lights are turned off at the Bund in Shanghai on Aug. 22. Shanghai’s iconic skyscrapers dimmed their exteriors Monday as part of a two-day suspension, as the financial hub Continue Reading

Though China is aiming to roll out record amounts of renewable capacity this year as decarbonisation elsewhere stalls, economic challenges mean Beijing is unlikely to tackle rising coal consumption ahead Continue Reading

An iconic skyline in the Chinese city of Shanghai – called The Bund – will not be lit for two nights to save power, officials say. The waterfront area – Continue Reading

The West has been quick to criticize China for its perceived lackluster carbon emissions targets. While China remains one of the world’s most polluting countries, it is ramping up renewable Continue Reading

Changing climate negatively impacts hydropower output Crucial to further expand power transmission, generation, storage capacities Energy security as top priority now, at the cost of climate policy China’s Sichuan province, Continue Reading

Sichuan’s worst drought in more than a half-century spurred the Chinese province to extend industrial power cuts and activate its highest emergency response, adding to manufacturers’ woes as they shut Continue Reading

 China’s exports of very-low-sulfur marine fuel rebounded 13.22% in July versus June as the country’s merchandise exports recovered, but still stood nearly 9.69% below the year-ago level, customs data showed Continue Reading

Southwestern China is experiencing a massive heatwave, sparking a power crisis in the region. The Chongqing municipal government has ordered factories to suspend production to conserve power. Moody’s Vice President Continue Reading

Ships crept down the middle of the Yangtze on Friday after China’s driest summer in six decades left one of the mightiest rivers barely half its normal width and set Continue Reading

 Residents living near a tributary of the Yangtze river in the southwestern region of Chongqing clambered along the dry riverbed on Thursday amid an unprecedented drought across the region that Continue Reading

An exposed riverbed, due to low water levels caused by drought, along the Jialing River, Aug. 17. Bloomberg News Chinese President Xi Jinping called on local authorities to work to Continue Reading

The company, in a filing on Thursday, said core profit was between about Rmb4-5bn and Rmb5bn ($6634mn and $736mn) in the first six months of 2022, down from Rmb15.2bn a Continue Reading

Faced with China’s most searing heat wave in six decades, factories in the country’s southwest are being forced to close. A severe drought has shrunk rivers, disrupting the region’s supply Continue Reading

Highlights Several parts of China face unprecedented heatwaves Authorities order industrial production restrictions amid power crunch Sichuan industry most affected due to power supply issues Authorities in several parts of Continue Reading

Toyota Motor Corp. and Contemporary Amperex Technology Co. , the world’s top battery maker, are closing plants in China’s Sichuan province as a drought-induced power crisis worsens. The Japanese automaker Continue Reading

China’s refinery processing and crude imports were unambiguously weak in July, but the world’s largest oil importer still added to stockpiles, maintaining a trend of building inventories. China added about Continue Reading

For the past two decades, China has conditioned global companies and markets to anticipate big government spending at any hint of an economic slowdown. Now, as growth sputters, Beijing is Continue Reading

The southwestern Chinese province of Sichuan is baking in the worst heatwave in six decades, with hydropower generation from the Yangtze River falling and factories closing to ease the pressure Continue Reading

 China is scrambling to alleviate power shortages and bring more water to the drought-hit basin of the Yangtze river as it battles a record-breaking heatwave by deploying relief funds, seeding Continue Reading

 China’s southwestern province Sichuan began limiting electricity supply to homes, offices and malls on Wednesday, due to a severe power crunch driven by extreme heat waves and drought, according to Continue Reading

China’s economy stumbled in July as a two-month boost from easing lockdowns faded, prompting the country’s central bank to unexpectedly cut two key interest rates in an effort to shore Continue Reading

China will discourage abortions and take steps to make fertility treatment more accessible as part of efforts to boost one of the world’s lowest birth rates, its National Health Authority Continue Reading

Delivery drivers pass through a security checkpoint as several city blocks are sealed off due to Covid-19 in the Meilong township of Shanghai, China, on Aug. 15. Photographer: Qilai Shen/Bloomberg Continue Reading

Crude throughput at Chinese refineries slumped in July to the lowest level since the height of the pandemic in March 2020, amid unplanned facility outages and lower processing rates at Continue Reading

Diesel, gasoline, jet fuel shipments to drop 30%-40% from 2021 August exports of diesel to top 1 mln T for first time in a year Full-year fuel export volumes to Continue Reading

BlackRock’s Wei Li says equity markets are not “appropriately” pricing in a growth slowdown in the US and Europe. U.S. equity-index futures slipped, stocks were mixed and commodities from oil Continue Reading

Chinese developers may report a 30% year-on-year decline in first-half earnings due this month, which will likely weigh on sentiment, according to JPMorgan Chase & Co. analysts. “No one is Continue Reading

China’s economy stumbled in July as a two-month boost from easing lockdowns faded, prompting the country’s central bank to unexpectedly cut two key interest rates in an effort to shore Continue Reading

China’s deflating property bubble is imperiling the world’s second-largest economy with effects that could ripple for years. Home prices are dropping in many cities after a long period of increase, Continue Reading

China’s state-run China Petrochemical Group, Sinopec, says it has discovered a massive oilfield in the Tarim Basin, containing 1.7 billion tons of oil reserves. The discovery is the result of Continue Reading

China’s independent refineries boosted imports of discounted crudes from Venezuela, Iran, and Russia by 32.8% month on month to 8.3 million mt, or 1.96 million b/d, in July via the Continue Reading