China auto sales up 6% in August, down 15.4% year-to-date
China’s car sales rose 6% in August over a year earlier as the industry’s biggest market recovered from the coronavirus pandemic, but purchases for the year to date were off Continue Reading
Russia’s Gazprom Boosts Natural Gas Supplies To China
Russia’s natural gas monopoly Gazprom has increased its natural gas supply to China via the new pipeline Power of Siberia in July and August, compared to June, a senior Gazprom Continue Reading
U.S. firms in China increasingly fear bilateral tensions will last for years: survey
U.S. companies in China are increasingly fretful that trade tensions between the world’s two biggest economies will drag out over years and nearly a third said their ability to retain Continue Reading
China Looks To Build Espionage Hub In Iran Under 25-Year Deal
The next phase of the 25-year deal between China and Iran will focus on a large-scale roll-out of electronic espionage and warfare capabilities focussed around the port of Chabahar and Continue Reading
Trump again raises idea of decoupling economy from China
WASHINGTON (Reuters) – With the U.S. election approaching, President Donald Trump on Monday again raised the idea of separating the U.S. and Chinese economies, also known as decoupling, suggesting the Continue Reading
China To Fast-Track Adoption Of Hydrogen Cars
China is going a step further in its generous support for hydrogen cars in the form of a package of policies aimed at improving the hydrogen fuel cell car supply Continue Reading
China’s soybean imports at highest ever for August as pig herd recovers
China’s soybeans import were the highest on record for the month of August, according to customs data, as the country’s pig herd continues to recover from the African swine fever Continue Reading
Trump Vows to Sharply Scale Back U.S.-China Economic Ties
President Donald Trump said he intends to curb the U.S. economic relationship with China, contrasting himself with Joe Biden by threatening to punish any American companies that create jobs overseas Continue Reading
India’s coronavirus infections overtake Brazil as some rail services resume
India displaced Brazil on Monday to take second place after the United States in terms of coronavirus infections, with 90,082 new cases whose numbers are expected to grow, while some Continue Reading
China Freezes Credentials for Journalists at U.S. Outlets, Hinting at Expulsions
The Chinese government has stopped renewing press credentials for foreign journalists working for American news organizations in China and has implied it will proceed with expulsions if the Trump administration takes further Continue Reading
China’s Dam Projects Are Harming the Mekong River in Southeast Asia
The Mekong is one of Asia’s most important rivers, supporting 60 million people in Southeast Asia. But for the second consecutive year, the lower Mekong basin has hit a record low water flow, Continue Reading
China’s export growth quickens in August, imports edge lower
China’s export growth accelerated in August while imports edged lower as the world’s second-largest economy extended its recovery from the coronavirus pandemic. Exports rose 9.5% over a year earlier to Continue Reading
China’s Exports Ramp Up as Countries Emerge From Lockdowns
August marked the third straight month that China’s exports outpaced those of the same month last year. It marks a stark turnaround from the start of the year, when the Continue Reading
China wants to decouple from US tech, too
It was a perfect ju-jitsu. After weeks of watching US President Donald Trump pressure Chinese tech company ByteDance to sell its social media app TikTok to Microsoft, Beijing struck back, Continue Reading
U.S. Cases Rise 0.7%; Europe Hotspots Spike Again: Virus Update
Just weeks after schools began reopening, U.S. colleges are hosting raging clusters of Covid-19 infections, crises that are both medical and political. America’s unemployment rate dropped below 10% in August for the first Continue Reading
Decoupling With U.S. Would Cut China’s Growth to 3.5%:
The worsening conflict between China and the U.S. has damaged bilateral trade, but a complete decoupling between the two largest global economies would be even more damaging to China’s long-term Continue Reading
Covid-19 Pandemic Ravages World’s Largest Developing Economies
From India to Mexico and Brazil, the world’s biggest developing countries are witnessing some of the steepest economic contractions on record, throwing tens of millions out of work and turning Continue Reading
China Said to Plan Broad Chip Sector Support to Fight Trump
China is planning a sweeping set of new government policies to develop its domestic semiconductor industry and counter Trump administration restrictions, conferring the same kind of priority on the effort Continue Reading
CHINA DATA: Independent refineries’ Aug crude imports fall 10% from record high in Jul
Crude and bitumen blend imports in August for China’s independent refineries fell 9.9% to 17.85 million mt, or 4.22 million b/d, from a record high in July, and the downtrend Continue Reading
China Oil Buying Binge Set to Slow Down
China’s record haul of crude is poised to end as state-issued allowances for imports dwindle. (Bloomberg) — China’s record haul of crude is poised to end as state-issued allowances for Continue Reading
China will gradually resume direct international flights to Beijing
China’s aviation regulator said on Wednesday it will resume direct flights to Beijing from eight countries including Thailand, Cambodia, Greece, Denmark, Sweden and Canada from Sept. 3. In March, Chinese Continue Reading
Robust Chinese Demand Fuels Oil Market Recovery
Following last week’s price rally, oil prices move higher on Monday morning, on bullish demand figures coming from China. Additionally, U.S. dollar weakness contributed to last week’s price rally. Traders Continue Reading
China’s Growth Rate Seen Decelerating to 2.9% in 2050: Chart
The blow from Covid-19 has put Chinese gross domestic product on track to grow just 2% in 2020, based on Bloomberg Economics’ projections — this is strong by global comparison, but the Continue Reading
Chinese And Saudi Oil Giants Book Mammoth Losses
The first two quarters of the current year have been brutal to U.S. oil and gas companies. According to Refintiv data , the energy sector has recorded the lowest Q2 Continue Reading
Scientists see downsides to top COVID-19 vaccines from Russia, China
High-profile COVID-19 vaccines developed in Russia and China share a potential shortcoming: They are based on a common cold virus that many people have been exposed to, potentially limiting their Continue Reading
Survey: China manufacturing logs feeble growth in August
China’s manufacturing activity held steady in August as domestic demand helped to offset weaker orders from exports markets that are struggling with the coronavirus pandemic, a survey showed Monday. The Continue Reading
China Sees Record-Breaking Electricity Consumption In August
China’s electricity consumption hit a record this month after rising steadily since the start of summer, the People’s Daily reported , noting that the trend suggested a robust recovery in Continue Reading
Europe coronavirus cases rise again, with fewer deaths
Coronavirus cases are surging again in Europe after months of relative calm, but the second wave looks different from the first: Fewer people are dying, and the newest and mostly Continue Reading
India Stops Oil Purchases From China
Indian refiners have stopped buying crude oil from Chinese sellers, according to a Reuters report that cited unnamed sources. The move, according to the report, comes as a result of Continue Reading
Chinese Data Shows Beijing Continues Iranian Oil Imports
Official Chinese data showed this week that China imported 120,000 barrels per day (bpd) of oil from Iran in July as Beijing returns to reporting crude imports from the Islamic Continue Reading
China is Heating Up Faster Than The Global Average, Data Shows
China has seen faster temperature increases and rising sea levels than the global average rate over the past few decades, and experienced more frequent extreme weather events, according to official Continue Reading
China Looks To Dive Into The American EV Market
A brand new electric car is preparing to hit the U.S. and it’s either going to take EVs by storm because it’s super cheap, or it’s going to meet the Continue Reading
EPA’s big coronavirus announcement questioned by scientists
The pressure’s on to get Americans to fly again: As the novel coronavirus put a serious dent in air travel, airlines are warning they plan to cut tens of thousands of Continue Reading
South Sudan Set To Take Over China-Operated Oilfields By 2027
South Sudan’s state-controlled Nile Petroleum Corporation (Nilepet) has started preparations to take over the management of some oilfields in the country by 2027, when it will let the contract with Continue Reading
Summer Covid-19 surge in US shows signs of slowing
The coronavirus surge that swept across the south and west of the US is showing signs of slowing, a sign that steps taken by states to pause their reopenings may Continue Reading
France says it must move fast to fight virus surge
PARIS (Reuters) – French Prime Minister Jean Castex said on Thursday the government must move fast to head off a deadly new COVID-19 wave as the virus’s reproduction level has Continue Reading
China Said to Expect Record U.S. Soybean Purchases in 2020
China is set to buy a record amount of American soybeans this year as lower prices help the Asian nation boost purchases pledged under the phase-one trade deal, according to Continue Reading
China May Skip Winter LNG Buying Binge
Don’t expect an LNG buying binge ahead of winter from the world’s fastest growing consumer of the fuel. China will likely pull back on spot purchases of liquefied natural gas Continue Reading
China data: US becomes top 5 crude supplier in July, record high 867,000 b/d shipment
China’s July crude imports from the US surged 524.4% from June to a fresh high of 3.67 million mt, or 866,793 b/d, propelling the producer to become China’s fifth largest Continue Reading
Exclusive: Fauci says rushing out a vaccine could jeopardize testing of others
The top U.S. infectious diseases expert is warning that distributing a COVID-19 vaccine under special emergency use guidelines before it has been proved safe and effective in large trials is Continue Reading
Coronavirus re-infections raise concerns about immunity
Two European patients are confirmed to have been re-infected with COVID-19, raising concerns about people’s immunity to the coronavirus as the world struggles to tame the pandemic. The cases, in Continue Reading
Senior U.S., Chinese Officials Say They Are Committed to Phase-One Trade Deal
Warmer temperatures are melting Arctic ice and raising tensions as the U.S. looks to expand its presence in newly open waters. The problem: Russia and China also have growing trade, Continue Reading
Alarm across Europe over surge in coronavirus cases
A sharp rise in the number of coronavirus infections over the past two weeks has put European governments on high alert as holidaymakers return home to big cities and teachers Continue Reading
China Charters Tankers For 37 Million Barrels Of U.S. Oil
China has chartered tankers that could deliver as much as 37 million barrels of crude oil from the United States next month, Bloomberg reports , citing data from the Census Continue Reading
China Flooding Has Killed Hundreds and Tested Three Gorges Dam
Having brought the coronavirus pandemic largely under control, China’s leaders are now struggling with a surge of crippling floods that have killed hundreds of people and displaced millions across the Continue Reading
China’s Xi Jinping Declares War on Food Waste
The Communist Party’s “clean plate” campaign targets livestreaming extreme eaters, wasteful diners and others amid concerns about China’s ability to feed its 1.4 billion people. Chinese regulators are calling out Continue Reading
Coronavirus infections are rising in Europe and vacationers may be partly to blame
For a fleeting period this summer, Europe nearly resembled its old borderless self, with people zipping across the continent, unburdened by restrictions or mandatory quarantines, as they vacationed along the Continue Reading
Trump Cancels China Talks, Raising Questions About Trade Deal
President Donald Trump said he called off last weekend’s trade talks with China, raising questions about the future of a deal that is now the most stable point in an Continue Reading
The Oil Industry’s Biggest Weakness Is Its Reliance On China
Whenever the commodity cycle reaches a trough, all eyes turn to China. Asia’s biggest powerhouse has through years of explosive growth become the top—or one of the top—importers of many Continue Reading
Beijing says residents can go mask-free as China COVID cases hit new lows
Health authorities in China’s capital Beijing have removed a requirement for people to wear masks outdoors, further relaxing rules aimed at preventing the spread the novel coronavirus after the city Continue Reading