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
Office workers line up at a Covid-19 testing booth in downtown Shanghai on July 13. China’s daily tally of Covid-19 cases rose to the highest level in more than seven Continue Reading
China’s property downturn showed little signs of improvement in the three months through June, with its output contracting for the fourth straight quarter and clouding the growth outlook for the Continue Reading
Los Angeles County may reinstate an indoor mask mandate. More than half the U.S. population lives in counties where Covid-19 cases and hospitalizations are high enough that people should wear Continue Reading
Highlights Record temperatures logged by 71 national weather stations Power loads in Zhejiang, Jiangxi, Jiangsu hit record highs China’s power consumption to grow 5%-6% in 2022 Extreme heat is sweeping Continue Reading
China’s economy grew at the slowest pace since the country was first hit by the coronavirus outbreak two years ago, making Beijing’s growth target for the year increasingly unattainable as Continue Reading
Aggregate new home sales at China’s 100 largest developers have fallen every month on a year-on-year basis since last July. Global investors and home buyers in China are losing confidence Continue Reading
When countries around the world have stumbled in the face of pandemic headwinds, China has often stood apart, seemingly impervious to financial pressures that undermined growth. But now, dragged down Continue Reading
China’s crude throughput fell 6% year on year to 332.22 million mt, or 12.75 million b/d, over January-June, National Bureau of Statistics data showed July 15, as GDP growth in Continue Reading
Searing heatwaves swept across China’s vast Yangtze River basin on Wednesday, hammering densely populated megacities from Shanghai on the coast to Chengdu deep in the heartlands. More than 90 red Continue Reading
China’s independent refiners are set to push their runs even higher in July, extending the trend seen in June when throughput rose to five-month highs, as strong driving demand during Continue Reading
A surge in hydropower output in China this year, boosted by record-breaking rainfall, is helping the world’s biggest polluter meet green targets as well as cut liquefied natural gas imports Continue Reading
China June export grows at fastest pace in 5 months June import growth slows, misses f’cast Overall export outlook still faces uncertainty Darkening global economic backdrop, Ukraine war add to Continue Reading
Chinese financial markets are flashing warning signs that another round of Covid shutdowns could create more turmoil for the economy. The Hang Seng China Enterprises Index of stocks has lost Continue Reading
China’s economic engine has shuddered in recent months, hurt by lockdowns imposed to curb the spread of Covid. Housing sales sagged. Many shops and restaurants in some cities shuttered, some maybe for Continue Reading
: Shanghai reported its first case of the BA.5 sub-variant. Emma O’Brien reports. Bloomberg News Oil declined as the prospect of more demand-sapping virus restrictions in China overshadowed signs of Continue Reading
Commodity investors looking to China to reverse the severe rout in global metals markets may be disappointed, with Beijing unable to deliver the kind of investment splurge that powered past Continue Reading
Customers purchase pork at a food market in Shanghai in June. Photographer: Qilai Shen/Bloomberg Bloomberg News China’s consumer prices grew faster than expected in June, partly driven by a rebound Continue Reading
China’s support for Russia’s war in Ukraine is complicating U.S.-Chinese relations at a time when they are already beset by rifts and enmity over numerous other issues, U.S. Secretary of Continue Reading
The United States is exporting millions of barrels of oil from its emergency oil reserves to Europe and Asia. “The SPR remains a critical energy security tool to address global Continue Reading
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’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 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
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 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 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
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
: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
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
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
It’s official: Chinese equities are once again in vogue, after months of regulatory crackdowns, deleveraging and stringent virus curbs wiped trillions of dollars off benchmark gauges. A Bloomberg survey of Continue Reading
People walk past a China Energy coal-fired power plant in Shenyang, Liaoning province, China September 29, 2021. REUTERS/Tingshu Wang SHANGHAI, June 29 (Reuters) – China will reduce its industrial energy Continue Reading
Bloomberg News Travelers wanting to get into China will still need to contend with the intricate web of testing and bureaucratic requirements that underpin Covid Zero, tempering optimism that its Continue Reading
President Joe Biden and G7 leaders are ramping up efforts to counter China’s Belt and Road initiative. The leaders have pledged $600 billion to a new global infrastructure project for Continue Reading
Power consumption in several Chinese regions rose to record highs over the weekend, as persisting heatwaves spurred the use of air conditioners to help people cool off. Monitoring data from Continue Reading
WATCH: China’s economy showed some improvement although there are still a lot of questions about the recovery. Enda Curran reports. Bloomberg News Sign up for the New Economy Daily newsletter, Continue Reading
For decades, China’s expanding middle class had but one option to get ahead:neijuan, or joining the rat race of relentless competition. Then, a surprising strain of resistance sprouted among the Continue Reading
Leaders of the G7, including US President Joe Biden (L) and UK Prime Minister Boris Johnson (R), proposed a plan geared towards competing with China’s Belt and Road Initiative G7 Continue Reading
Chinese imports of LNG from the U.S. plunged by 95% between February and April. Most U.S. LNG spot cargoes were headed to Europe at the beginning of 2022. Russia could Continue Reading
China’s capital city is offering subsidies for purchases of new-energy vehicles to replace old cars, the latest attempt by local authorities to boost consumption in a slowing economy. The financial Continue Reading
Highlights State Grid says northern grids hit peak power loads multiple times High temperature alert issued for 12 provinces and regions Li Keqiang stresses on maximizing coal production A heat Continue Reading
Ant Group headquarters in Hangzhou. Regulators scrapped Ant’s IPO plans in 2020. Photographer: Qilai Shen/Bloomberg On trading floors in New York and Hong Kong, the brightening mood toward Chinese technology Continue Reading
China may bar solar developers from building panels on farmland as the government weighs the importance of food security against its clean energy goals. Three ministries including the National Energy Continue Reading
The 500-mile drive across Guinea to the Simandou mountains takes three days. Videographer: Jason Florio for Bloomberg Green Guinea’s Simandou mountains hold the largest untapped iron-ore deposit on the planet. Continue Reading
Highlights State Grid says northern grids hit peak power loads multiple times High temperature alert issued for 12 provinces and regions Li Keqiang stresses on maximizing coal production A heat Continue Reading
A new battery from Contemporary Amperex Technology Co Ltd promises to resolve one of the chief complaints that drivers have with electric vehicles: battery range. The next-generation Qilin battery—named after Continue Reading
CATL launched Qilin, the third generation of its CTP (cell-to-pack) technology. With a record-breaking volume utilization efficiency of 72% and an energy density of up to 255 Wh/kg, it achieves Continue Reading
Companies in China are cutting back on digital-ad spending as the economy slows and recurring Covid-19 outbreaks weigh on consumption, another sign of waning business confidence in the world’s most Continue Reading
For the first time since 1976, the U.S. economy might grow faster this year than China’s economy. China’s “zero-Covid” strategy has had a detrimental impact on the demand recovery for Continue Reading
Beijing’s caution in challenging U.S. supremacy around the globe might be dissipating. Practical ramifications for the global oil sector from China’s geopolitical shift would be enormous. President Xi has signed Continue Reading
